The Bureau of Internal Revenue has expressed interest in buying 4,000 square meters of provincial government property along Gatuslao Street in front of the Land Bank of the Philippines in Bacolod City to build its offices, Negros Occidental Acting Gov. Isidro Zayco said yesterday.

The provincial government has offered to sell the agency the property at P15,000 per square meter, Zayco said.

The BIR is applying for a P180 million loan from the LBP for the project, Zayco said.

The BIR is also asking the provincial government to advance the money for the construction project while it is waiting for the release of its loan but, Zayco said, they are still studying the matter.

“We will have to meet with the Land Bank to discuss the BIR offer next week,” Zayco added.

“All the property of the provincial government along Gatuslao Street is open for negotiation with interested parties,” he said.

Meanwhile, Zayco said preparations are underway for the annual Panaad Festival from April 26 to May 3.*CPG

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