News » PEZA registers its largest ecozone

PEZA registers its largest ecozone

PEZA registers its largest ecozone

The Philippine Economic Zone Authority (PEZA) registered its largest economic zone in the country called the Quezon Techno-Industrial Special Economic Zone (QTISEZ).

Located in Mauban, Quezon, the P125 billion (US$2.4 billion) project will span more than 1,800 hectares and will be able to house up to 2,000 factories.

In a statement, PEZA Director-General Charito Plaza said that this huge investment by Achievement Realty Corp. (ARC)  “is going to be a historical project” because of its enormity.

Plaza added that they are planning to add an international seaport and airport within QTISEZ with an estimated budget of P25 billion (US$486 million).

Meanwhile, ARC Chairmain Philip Cea stated that the funding would come from foreign and local investors — with the company signing several memoranda of understanding with Chinese and Korean firms.

Cea added that they are looking into making QTISEZ a township where “around 200 hectares shall be dedicated to mixed-use for the establishment of government offices, residential, commercial, and other sectors.”

Read more here.

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