THE PHILIPPINE Economic Zone Authority (PEZA) wants to expand the Mactan Economic Zone (MEZ) in Cebu province as many existing locators expressed their plans to grow their businesses.
PEZA Director General Charito Plaza said they are now targeting to bolster the economic zone to another 200-hectare property. “We are now applying for reclamation because we want to expand the land of Mactan Economic Zone,” she said.
Plaza said PEZA is also looking for a partner to develop the economic zone expansion in the coastal area of MEZ.
PEZA Deputy Director General Tereso Panga also said the Mactan-Cebu International Airport Authority (MCIAA) is also considering the construction of the second runway of the Mactan airport inside the economic zone involving reclamation.
Panga said another option for MCIAA is to develop the new runway in the adjacent residential area. “PEZA and the MEZ locators, with the support of Lapu-Lapu City local government unit, are all objecting to the first option,” he said.
But Plaza said constructing the runway inside the economic zone might result in locators incurring P150-billion damage due to interruption in their business operations.
“You have to consider not just the physical damage, every day that will delay the operations will affect the buyers, they might lose their buyers. They don’t want disruption and the social implications, those who will be losing their jobs,” she said. (Kris Crismundo)
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PEZA Director General Charito Plaza said they are now targeting to bolster the economic zone to another 200-hectare property. “We are now applying for reclamation because we want to expand the land of Mactan Economic Zone,” she said.
Plaza said PEZA is also looking for a partner to develop the economic zone expansion in the coastal area of MEZ.
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| Cebu Mayor Edgardo Labella points to a map where the Butuanon River traverses the borders of his city and Mandaue. (Cebu City Information Office) |
PEZA Deputy Director General Tereso Panga also said the Mactan-Cebu International Airport Authority (MCIAA) is also considering the construction of the second runway of the Mactan airport inside the economic zone involving reclamation.
Panga said another option for MCIAA is to develop the new runway in the adjacent residential area. “PEZA and the MEZ locators, with the support of Lapu-Lapu City local government unit, are all objecting to the first option,” he said.
But Plaza said constructing the runway inside the economic zone might result in locators incurring P150-billion damage due to interruption in their business operations.
“You have to consider not just the physical damage, every day that will delay the operations will affect the buyers, they might lose their buyers. They don’t want disruption and the social implications, those who will be losing their jobs,” she said. (Kris Crismundo)
Like Us on Facebook: The Mindanao Examiner
Like Us on Facebook: The Zamboanga Post
Follow Us on Twitter: Mindanao Examine
Mirror Site: Mindanao Examiner Blog
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