Olongapo SubicBay BatangGapo Newscenter

Sunday, February 22, 2009

Zambales: Gearing up, cashing in

Subic Bay Metropolitan Authority Administrator Armand Arreza announced that SBMA has maintained its status as the country's leading investment agency after posting US$1.1 billion in committed investment employing nearly 70,000 workers this year.

"Our new challenge today is to bring investments to the nearby towns of Zambales and Bataan and Olongapo City. This will be easier now after the President issued Executive Order 675," Arreza said.

With the EO 675, according to Arreza, new investors who are looking for bigger land area will be allowed to put up investment to other places near the Subic Bay Freeport and Clark areas.

"We are also preparing a plan for the construction of access roads going to some tourist and investment sites in Zambales. There are also new power plants to be built inside the Freeport zone that will provide lower power rates," he said.

In a similar move, Zambales Governor Amor Deloso has announced that Zambales is gearing towards development as it vows to open major road networks that will connect the province to other economic zones in Northern and Central Luzon.

"There is a need to open new roads to expand the development opportunities of the provinces and maximize its potentials as a new investment site in the region," said Gov. Amor Deloso.

He identified the new economic doors as the Santa Cruz-Mangatarem Road that will connect the northern town of Santa Cruz with the town of Mangatarem in Pangasinan and the Iba-Tarlac Road which will connect the province to Tarlac.

The roads are necessary to open new space for possible economic zones and to shorten travel going in and out of the province to and from Central Luzon, Northern Luzon and Western Luzon areas. 

"The roads will also maximize the use of our Masinloc Port as a major seaport in the area benefiting investors, particularly exporters and importers, from Zambales and Pangasinan," Deloso said.

The governor noted that the Tarlac-Iba Road, which would span to about 60 kilometers when finished, has already a plan that was approved during the administration of former president Ramos.

"The road will boost the potentials of the Masinloc Port which will be constructed under a built-operate-transfer (BOT) scheme by a Canadian business group to the amount of US$5 billion. When finished, Masinloc Port will become a major transshipment port in the region," he said.

Meanwhile, the official said that the Mangatarem-Santa Cruz Road Project is about 82 kilometers and could be finished at the cost of P200 million. The road will shorten travel time going to Pangasinan from Iba, Zambales from six hours to about two hours.

Deloso has also announced that discussions have already been started to study the possibility of putting a 500-hectare industrial estate in the former San Miguel Naval Air Stations in San Antonio Zambales.

The proposed industrial zone will fast tract the many development programs of the province to turn the province into a tourism and light industry destination in the region.

"Roads will bind our resources- land, people and infrastructures. Due to the completion of the SCTEX, space for investment in Bulacan and Tarlac is getting scarce. Subic Freeport soon could not accommodate more factories. But Zambales has vast land space to offer and we have pier, ship repair facilities and a small airport for tourism," Gov. Deloso said. (AMV/PIA-Zambales)

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