Published July 6, 2018, 10:00 PM By Myrna M.
Velasco
State-run National Transmission
Corporation (TransCo) has already spent its full P1.0-billion budget on
programmed settlements of right-of-way (ROW) concerns on properties, according
to company President Melvin A. Matibag.
“As to ROW claims, we have fully utilized our
budget, which is about P1.0 billion,” the state-run firm’s chief executive has
noted.
In December last year, TransCo inked
a deal with the Land Registration Authority (LRA) for the titling of its
properties; primarily those straddling right-of-way domains.
TransCo then indicated that the
signed memorandum of agreement covers 12,679 kilometers valued at P38,500 per
kilometer.
Nevertheless, that’s just a fraction
of the properties that the company had cast for titling. Previously, the
company estimated that its ROW settlements could run up to P280 billion to P500
billion.
Matibag had emphaszied that the move
on engaging LRA services “would be more efficient and cost effective
considering the very tedious procedural process of releasing requested land
titles from different Registries of Deeds in different regions of the country.”
He explained the land registration
agency “is the sole custodian of land titles and records and is the only entity
that can provide data on land titles and digitized parcel maps that TransCo
requires.”
The dilemma of TransCo on properly
titling its properties had been a long-running problem, even the time that it
had just been spun off from the National Power Corporation.
Matibag thus noted that this step,
“will secure government from bogus claims presenting spurious land titles.
Also, the data that TransCo needs is proprietary only to LRA.”
The scope of services that LRA shall
be providing to TransCo would be on: verification of certificates of title;
provision of printout and soft copy of digital parcel maps of titled
properties; use of geo-spatial query service; issuance of certified true copies
of certificates of titles or documents submitted in support of land
transactions.
On TransCo’s part, it shall provide
LRA with technical details required “to identify the properties registered in
the name of TransCo and establish the technical coordinates of transmission
lines.”
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