PEZA at BuCor, nagkasa ng kasunduan para sa Palawan Mega Economic Zone

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Transcript

00:00The Philippine Economic Zone Authority and the Bureau of Corrections have signed an agreement for the Palawan Mega Economic Zone

00:08where 1,000 hectares of land from Iwahig Prison in Puerto Princesa will be used for the project.

00:15This is Rachel Ganassial of PIA for Balita Ang Pambansa.

00:21The Philippine Economic Zone Authority and the Bureau of Corrections signed a Memorandum of Agreement

00:26for the development of the Palawan Mega Economic Zone in the country.

00:31Under the agreement of PESA Director General Terezo Panga and Bucor Director General Gregorio Pio Catapang Jr.,

00:38the initial 2,000 hectares of land from Iwahig Prison and Penal Farm in Puerto Princesa will be used for the Palawan Mega Economic Zone or PMEZ.

00:49According to Catapang, the Mega Economic Zone is intended to be clean, green, and technology-driven

00:55according to the PESA Eco-Industrial Framework.

00:59It is also intended to be included in the Luzon Economic Corridor.

01:03Panga sees the Eco-Zone as an instrument for the development of high-value industries

01:10such as electric vehicle production, advanced manufacturing, green-hours processing,

01:16nanotech, knowledge-based and AI-driven industries, medical-related industries, and blue industries.

01:23The two agencies entered the Memorandum of Understanding recently.

01:27The Palawan Mega Eco-Zone is being proclaimed this year and will be operational before the term of President Ferdinand Marcos Jr. in 2028.

01:38The PESA believes that the existence of a whole-of-government approach will pave the way for an eco-zone

01:45for an inclusive and sustainable development for the new Philippines.

01:50From the Philippine Information Agency, MIMAROPA, racial guarantees for the national news.

01:59The construction of the new Cebu International Container Port continues.

02:03Jessica Aguailanan of Radyo Pilipinas Cebu has national news.

02:10In this 25-hectare lot in Barangay Tayud Consolacion in Cebu Province, the construction of new businesses is expected.

02:18The ground-breaking and capsule laying ceremony of the new Cebu International Container Port

02:24has already started under the leadership of Transportation Secretary Jaime Bautista.

02:27One of the objectives of the NCICP is to redistribute international container volume from the existing Cebu Base Port, which is currently operating at near full capacity.

02:51Part of the 16.93 billion pesos project is the construction of a 5k crane to facilitate the acceptance and transfer of cargo.

03:00The NCICP will fund a loan from the Export-Import Bank of Korea, or KECSIM,

03:06which will amount to 9.6 billion pesos, while the government will invest 7.2 billion pesos.

03:13Once completed, the new Cebu International Container Port will feature a longer port

03:20and a wider container yard, significantly increasing the operational capacity of the Central Visayan Main Cargo Gateway.

03:33The construction of the new facility is expected to be completed in mid-2028.

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Transcript

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