CALOOCAN CITY, Feb. 1 (PIA) The Land Bank of the Philippines (LandBank) has partnered with the Department of Transportation (DOTr) and its attached agencies on various programs in support of the National Government’s transport modernization agenda.
Under the fuel subsidy scheme, LandBank has so far distributed direct cash grants worth P6,500 each to 122,311 transport operators who have been adversely affected by the implementation of COVID-19 safety protocols. Distribution of cash grants is ongoing and targeted for completion by April 2021.
The Bank has also extended appraisal services for the North-South Commuter Railway Extension Project (NSCR-Ex), which is designed to expand the existing mass transportation in Metropolitan Manila and adjacent areas. Likewise, under the Resettlement Action Plan Entitlements Distribution Mechanism, LandBank delivers cash entitlements to eligible residents and other Project-Affected Persons (PAPs) of the Extension Project.
January 17, 2021 ALSO known as the North-South Commuter Railway Extension Project (NSCR-Ex), this ambitious 146-kilometer railway system project of the Department of Transportation (DoTr) involves cities and municipalities of Manila, Bulacan, Pampanga and the National Capital Region and Region 4-A.
Undoubtedly, it is one of President Duterte’s grand projects under his Build, Build, Build program.
It promises to provide massive relief to commuters through its three interconnected railway systems: NSCR Clark extension, the main NSCR and NSCR Calamba extension. The projected ridership upon its completion is 555,000 persons per day.
The NSCR Clark extension, with a length of 53 kilometers (actually 72 kilometers including Phase 2), will be funded by the Japan International Cooperation Agency and the Asian Development Bank.