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A vetoed bill that seeks to create the Bulacan Airport City Special Economic Zone has been refiled in the House of Representatives, according to a report by ABS-CBN.
The 18th Congress approved the bill but President Ferdinand Marcos Jr, vetoed it on July 1, 2022.
In his explanatory note, Albay 2nd District Rep. Joey Salceda said the fresh version of the bill would address the reasons for its veto. He provided a summary of the safeguards the new bill has:
Salceda said that he is confident that the proposed safeguards address the concerns that Marcos Jr. manifested to Congress in his veto message.
"In fact, the proposed safeguards and amendments, go beyond the concerns cited in the veto message, to ensure that the ecozone, while created to encourage private investment, is pursued ultimately for the public interest," Salceda said.
Marcos vetoed the measure due to "fiscal risks" and "lack of coherence" in the country's laws, saying that it "infringes" on the authority of government agencies.
The ecozone was supposed to be built inside the Bulacan airport complex, the franchise to operate of which was given to San Miguel Corp.
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