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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.