Iloilo’s proposed economic zone suitable for further development

ILOILO CITY, Oct. 14 (PNA) — Iloilo’s 50-hectare proposed economic zone is very suitable for further development, according to Chinese Consul General Song Ronghua.

Ronghua, who came with his team for an ocular inspection of the economic zone in Barangay Sapao, Dumangas on Wednesday, said that the proposed zone already has road and water facilities and schools that offer good education. Traveling to the airport is also convenient.

The Chinese Consul General said that a very good planning of economic zones like those in China has really increased revenue and gross domestic product.

Iloilo Provincial Administrator Raul Banias, meanwhile, told the Consul General that the provincial government is now coming up with an Investment Code that will give incentives to locators.

He said that the code will guarantee long term investments as the provisions will not be easily changed.

Meantime, Dumangas Mayor Rolando Distura assured that the 50-hectare proposed economic zone, which is a reclaimed property, will not affect the ecology.

He also disclosed that their Municipal Investment Code extends tax holiday to locators.

“For as long as there is a local law, provisions to protect investments will not be arbitrarily changed,” Mayor Distura said.

He said that the Philippine Economic Zone Authority and Philippine Reclamation Authority have already visited the proposed site. (PNA)