Freeport Industrial Park Envisioned to Spur in Zambales
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Written by Lorena
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Tuesday, 05 August 2008 |
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A vast idle lot owned by the government sited at Redondo Peninsula in Barangay Cawag, Subic, Zambales, through their government and Imagine Reality Corp., is bullish to develop an economic zone.
Governor Amor Deloso said that the province soon to have its Freeport that will be designed to magnetize more investments and generate employment of the people.
Imagine Realty Corp., the one that will shoulder the cost of the project, is now on alliance with the international investors that can pursue full development of the said project. Heavy pollutant industries will not be allowed. It will only be limited to light and non- polluting industries.
Zambales Industrial Park will be operated and managed as a separate custom territory ensuring free flow and movement of goods. Gov. Deloso said that the province will retain its basic autonomy and will operate based on the Local Government Code of 1991. [via ]
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