Treñas backs Megaworld’s bid for PEZA accreditation
City Mayor Jerry Treñas has no objection on the application of Megaworld Corporation to the Philippine Economic Zone Authority (PEZA). He said PEZA has written him of the corporation’s bid to become an economic zone.
Megaworld Corporation is applying for a PEZA accreditation in preparation for the development of the portion of its f the 54-hectare property in the old airport site in Mandurriao district into an Information Technology (IT) park.
In 2007, the corporation announced that it will pour out P1.5 billion investment to develop the old airport into a business park.
The future business park will have a Business Processing Outsourcing (BPO), residential, hotel, convention center, commercial and retail outlets, skills training center and recreation facilities. The development of the area is centered on the “live-work-play-learn community.”
The mayor said he even encouraged Ilonggo businessmen to construct a building particularly for Business Processing Outsourcing (BPO) to attract investors and apply for a PEZA accreditation. In Bacolod City, the mayor observed, there are businessmen who are ready to take risk by constructing a building first and look for occupants. A PEZA accreditation means they can get more investors.
At present, there are five PEZA accredited buildings in Iloilo City. These are SM City, Amigo Plaza Mall, Gaisano City, Robinsons Mall and e-PLDT Ventus in Molo.