GOCC Profile - Integrated Corporate Reporting System (2024)

Address: 6th to 9th Floor, Legaspi Towers 200 Building, 107 Paseo de Roxas Street, Legaspi Village, 1226 City of Makati

Supervising Agency: Office of the President

Parent GOCC:

GOCC Type: Chartered GOCC

The Philippine Reclamation Authority (PRA), formerly known as Public Estates Authority (PEA), is one of the Government’s most active development agencies. It was created in 1977 by virtue of Presidential Decree No. 1084 (PD No. 1084) to serve primarily as the clearing house for all reclamation projects in the country.

A government agency attached to the Office of the President, PRA performs both regulatory and proprietary functions which programs and projects are supportive of Government’s thrust towards sustaining economic gains by generating local and foreign investments in large-scale reclamation and development projects.

PRA is mandated to be self-sustaining. It has created assets for the government by converting under-utilized land into valuable and income-generating real estate properties. Moreover, PRA is involved in a wide-range of projects and delivery of services related to land development, urban renewal and infrastructure projects as well as financing and construction of buildings, particularly for other government agencies.

In the implementation of its current mandate, PRA consults with the National Economic Development Authority (NEDA), Depatment of Environment and Natural Resources (DENR) and Department of Finance (DOF). Further, the Authority coordinates, whenever necessary, with both national and local government agencies, Local Government Units (LGUs) and/or private entities. Among such government agencies are the following, namely: Department of Public Works and Highways (DPWH), Department of Transportation (DOTr), Department of Science and Technology (DOST) and Metropolitan Manila Development Authority (MMDA).

Enabling Laws

• Presidential Decree No. 1084 (1977)
• Presidential Decree No. 1085 (1977)
• Republic Act No. 7160 (1992)
• Executive Order No. 525 (1979)
• Executive Order No. 654 (1981)
• Executive Order No. 153 (1989)
• Executive Order No. 199 (2003)
• Executive Order No. 329 (2004)
• Executive Order No. 380 (2004)
• Executive Order No. 380-A (2006)
• Executive Order No. 543 (2006)
• Executive Order No. 586 (2006)
• Executive Order No. 380-B (2006)
• Executive Order No. 615 (2007)
• Executive Order No. 629 (2007)
• Executive Order No. 653 (2007)
• Executive Order No. 672 (2007
• Executive Order No. 798 (2009)
• Executive Order No. 146 (2013)
• Implementing Rules and Regulation of Executive Order No. 146 (2015)
• Executive Order No. 74 (2019)
• Implementing Rules and Regulation for EO 74 (2019)

Charter Statement

VALUES:Professionalism and TeamworkRespect for the environmentAccountability

Responsive to society’s needsExcellenceAdaptablePartnership driven

MANDATES:

• Regulatory & Proprietary Land Reclamation
• Infrastructure Development
• Public Estates Development & Management

CORPORATE CREED:

• We believe in building bridges between our nation’s vision and its fruition as well as between our government’s objectives and their realization.
• We believe in integrating the PRA’s goals with relevant national economic development plans.
• We believe in increasing our nation’s resources and accelerating its development for the benefit of future generations by creating new frontiers of land reclaimed from the sea.
• We believe in molding the PRA into a cohesive organization whose personnel are consistently infused with esprit’d corps needed to sustain the PRA’s efforts to achieve its pioneering tasks.
• We believe in forging ahead with zeal and dedication along the path of success.
• For the success of the PRA’s mission, measured in the anvil of time is the success of our nation’s vision.

Professionalism and TeamworkRespect for the environmentAccountability

Responsive to society’s needsExcellenceAdaptablePartnership driven