THE Department of Public Works and Highways (DPWH) said Tuesday that it signed an agreement with the Land Bank of the Philippines (LANDBANK) to expedite appraisal activities on right-of-way (ROW) claims.
“Public Works and Highways Secretary Mark A. Villar and Land Bank of the Philippines (President and Chief Executive Officer) Cecilia C. Borromeo signed the memorandum of agreement (MoA) on Monday, the DPWH said in a statement.
LANDBANK will provide DPWH with the “technical assistance in conducting property appraisal to determine the market value of parcels of land, structures, and crops and trees affected by infrastructure projects,” Mr. Villar was quoted as saying.
The agreement makes it “easier” to request from LANDBANK appraisals of ROW claims because payment can be made upon completion and issuance of the certification by implementing offices, which is expected to be rendered “within 10 days upon receipt of request,” the DPWH said.
Mr. Villar noted that processing ROW acquisitions is “one of the most critical parts” of implementing the projects under the “Build, Build, Build” program.
“With this partnership, we will be able to implement time and cost-efficient projects, infrastructure including those farm-to-market and coastal roads, in support to Landbank’s vision of inclusive growth by serving the needs of farmers and fishermen,” Mr. Villar added.
Republic Act No. 10752, or the Right of Way Act of 2016, requires the DPWH to “engage the services of a government financial institution with adequate experience in property appraisal.” — Arjay L. Balinbin