THE Philippine Economic Zone Authority (PEZA) said it has approved 12 new and expansion projects expected to bring P3.80 billion worth of investments in February 2023, a 112-percent increase compared to the P1.792 billion approved in the same period last year.
“The PEZA Board has approved a total of 12 new and expansion projects expected to bring in a total of P3.80 billion of investments,” PEZA Officer-in-Charge and Deputy Director General for Policy and Planning Tereso O. Panga said at the 28th Anniversary of PEZA on Friday.
Panga said among these approved projects, five are for export manufacturing; three for facilities enterprise; one for IT enterprise; one for logistics enterprise, one for utilities enterprise, and one expansion for manufacturing ecozone.
The PEZA interim chief also noted that these projects will be located in Taguig City, Laguna, Batangas, Tarlac, and Palawan.
Meanwhile, Panga divulged that as of the start of 2023, “PEZA has endorsed to the Office of the President a total of 21 ecozone development projects pending for proclamation.”
Once approved, the PEZA interim chief said, these projects will bring in P21.207 billion worth of investments.
Panga unveiled the list of 21 ecozone development projects pending proclamation as of January 23,2023. These include: Lima Technology Center (Expansion); Alta I-Hub; Ayala Malls Capitol Central; Robinsons Cyberpark Bacolod; Kamanga Agro-Industrial Economic Zone (Expansion); Philtai Central Luzon Industrial Park; Hermosa Ecozone Industrial Park (Expansion); SM City Santa Rosa IT Center; MDC 101; Felcris Centrale IT Park; ArcoVia City; MetroCas Industrial Estates-Special Economic Zone; Quezon Techno-Industrial II Special Economic Zone; Suyo Economic Zone; Naga City Industrial Park; Fast Logistics Distribution Center; Parqal; ECCO 4 Building; The Grid; 8912 Asean Avenue, among others.
For January 2023 alone, the investment promotion agency said it approved 19 new and expansion projects of ecozone locators, noting these are expected to bring in P6.393 billion worth of investments.
This, Panga noted, is 83.69 percent higher compared to the P3.48-billion investments approved for the same period last year.
The investments approved by PEZA for January 2023 will be located in Makati City, Pasay City, Calabarzon, Cebu City and South Cotabato, the agency noted.
Meanwhile, the investment promotion agency said 29 new and expansion projects for ecozone development forecasted to bring in P96.215 billion investments have been approved by the PEZA board from January to December 2022.
The bulk of these, or about P90.646 billion, came from the 11 projects approved during the July to December 2022 period.