By Betheena Kae Unite
Appraisal of right-of-way (ROW) acquisitions is expected to be more seamless after the Department of Public Works and Highways (DPWH) signed an agreement with the Land Bank of the Philippines (LBP) seeking a faster appraisal of ROW claims.
Under the memorandum of agreement signed on Monday, the Land Bank will provide technical assistance in conducting property appraisal to determine the market value of parcels of land, structures, and crops and trees affected by infrastructure projects.
DPWH Secretary Mark Villar said the agreement between the two institutions “will make it easier for the department to request from Land Bank the appraisal of ROW claims since payment can be made upon completion and issuance of the certification by implementing offices is expected to be rendered within ten days upon receipt of request.”
“Processing ROW acquisitions is one of the most critical parts in the undertaking of our projects under the Build, Build, Build Program” Villar said.
“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 of Land Bank’s vision of inclusive growth by serving the needs of farmers and fishermen,” he added.
The Right of Way Act of 2016, Republic Act No. 10752, requires implementing agency of infrastructure projects like DPWH to engage the services of a government financial institution with adequate experience in property appraisal such as Land Bank.
The MOA was signed by Villar and LBP President and Chief Executive Officer Cecilia Borromeo.
It was also witnessed by Assistant Secretary for Special Concerns Eduardo S. Ramos, Jr.; Assistant Secretary for Regional Operations in Mindanao Maximo L. Carvajal; Land Bank Executive Vice President for Corporate Services Sector Julio Climaco Jr.; and Assistant Vice President for Property Valuation & Credit Information Department Buenaventura del Rosario.