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LANDBANK and DPWH join hands for “Build, Build, Build” program


October 16, 2019

Public Works and Highways Secretary Mark A. Villar (third from left) and LANDBANK President and CEO Cecilia C. Borromeo (third from right) led the signing of the Memorandum of Agreement that will support the completion of the “Build, Build, Build” Program of the National Government. This was witnessed by DPWH Assistant Secretaries Eduardo S. Ramos (leftmost) and Maximo L. Carvajal (second from left), LANDBANK Executive Vice President Julio D. Climaco, Jr. (second from right), and LANDBANK Head of Property Valuation and Credit Information Department Assistant Vice President Buenaventura R. Del Rosario (rightmost).

The Department of Public Works and Highways (DPWH) is tapping the appraisal services of the Land Bank of the Philippines (LANDBANK) to help speed-up the completion of projects that will support the “Build, Build, Build” (BBB) Program of the National Government.

DPWH Secretary Mark A. Villar and LANDBANK President and CEO Cecilia C. Borromeo signed a Memorandum of Agreement (MOA) on October 14, 2019 at the LANDBANK Plaza in Malate, Manila.

They were joined by DPWH Assistant Secretaries Eduardo S. Ramos and Maximo L. Carvajal, LANDBANK Executive Vice President for Corporate Services Sector Julio D. Climaco, Jr., and LANDBANK Assistant Vice President Buenaventura R. Del Rosario, Head of Property Valuation and Credit Information Department.

“Today’s MOA signing is specific to our mandate of supporting National Government projects for the development of the country as a whole. We hope that our assistance can help ease this process, as we vigorously work together with DPWH in facilitating the acquisition of ‘Right-Of-Way’ sites to be used in government infrastructure projects,” said President Borromeo.

Under the MOA, the Bank will appraise lands and properties affected by DPWH projects to determine its market value, which is one of the requirements for the Department to acquire its Right-of-Way (ROW) as provided under Republic Act 10752 or “The Right of Way Act.”

The partnership agreement will cover 1,527 DPWH projects nationwide, including farm-to-market roads, bypass roads, and road widening, amounting to an estimated appraisal service fee of P495.78 million.

According to DPWH, it has tapped the services of LANDBANK because of the adequate ability, expertise, and experience in property valuation and appraisal of the Bank’s licensed appraisers nationwide.

When he assumed office, President Rodrigo R. Duterte initiated the BBB Program as its flagship economic project, which seeks to accelerate infrastructure spending and develop industries that will yield robust growth, create jobs and improve the lives of Filipinos.

With an estimated budget of P8.4 trillion spread over six years, the Program is meant to usher in a “golden age of infrastructure,” bringing in more than 9,000 kilometers of roads; 2,000 bridges; 4,000 flood control projects, as well as new railways and airports.

As the engineering and construction arm of the National Government, DPWH serves as the conduit for the implementation of the BBB Program.

Meanwhile, LANDBANK heeds the National Government’s call for a concerted effort among its agencies to expedite the completion of national development projects.


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LANDBANK certified anew to ISO standards amid pandemic

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LANDBANK retail dollar bond sales top US$205-M

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LANDBANK’s P50-M loan ‘links’ La Union town to a promising future

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