Marcos proclaims 2 new ecozones worth P1 billion

The Philippine Economic Zone Authority (PEZA) said the newly proclaimed ecozones in Iloilo and Batangas amount to P1.049 billion, according to a report by Philippine News Agency.

President Ferdinand R. Marcos. Jr. signed on Aug. 27 Proclamation Nos. 668 and 670 declaring The Grid in Iloilo and the expansion project at the LIMA Technology Center in Batangas as new ecozones, respectively.

In a statement Tuesday, PEZA said the cost of the expansion of the LIMA Technology Center amounted to PHP856 million, which is expected to be completed by the first quarter of 2025.

Proclamation 670 designated an additional 31.35 hectares of land as part of the Lima Technology Center Special Economic Zone (LTC-SEZ).

The LTC-SEZ is a project of Aboitiz InfraCapital. It currently hosts 169 locators with more than PHP100 billion of investments, generating 65,000 direct employment.

Meanwhile, Proclamation 668 designated the 2,000 square meter land as a new information technology (IT) center in Iloilo.

PEZA said The Grid IT Center has an initial investment of PHP193 million.

It added that the IT center expects three IT and business process management (BPM) companies with investments of about PHP10 million and will create 250 jobs.

“In collaboration with other government agencies and industry partners, PEZA furthers its commitment in eco-zoning the Philippines towards inclusive and sustainable development – para sa Bagong Pilipinas (for the New Philippines),” PEZA Director General Tereso Panga said.