HomeForexNew ecozones proclaimed in Tanza, Cavite and Pasig City

New ecozones proclaimed in Tanza, Cavite and Pasig City

THE GOVERNMENT has proclaimed two new economic zones — an industrial estate in Cavite province, and an information technology (IT) park in Pasig.

In Proclamation No. 513, President Ferdinand R. Marcos, Jr. created the 404,141-square meter (sq.m.) MetroCas Industrial Estates-Special Economic Zone in Tanza, Cavite upon the recommendation of the Philippine Economic Zone Authority (PEZA) board.

MetroCas was among the five proposed economic zones that the PEZA had hoped to be approved in October.

Meanwhile, Mr. Marcos created an Information Technology Park along various sites E. Rodriguez, Jr. Avenue and Ugong, Pasig City.

The IT Park has a combined area of 123,837 sq.m., according to Proclamation No. 512.

The development of new ecozones is a component of the five-year Philippine Development Plan, with the aim to promote industrial dispersion, integrate ecozones into local economies, and boost open trade between zone locators and firms outside the zones.

Under the medium-term plan, PEZA is tasked to expedite the types of special economic zone. — Kyle Aristophere T. Atienza

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