The THEP will be in a 200-hectare property in Tipo, near the expressway leading in and out of the Subic Bay Freeport Zone.

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma.

SUBIC BAY FREEPORT — Taiwanese firm Xantheng Subic International Corp., a Taiwanese company, has committed P15 billion for the creation of an eco-friendly industrial park inside this premier Freeport zone.

According to Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma, the industrial park will house light industrial factories, commercial facilities, residential buildings, and a nature park. She added that the project will be called the Tipo Hightech Eco Park (THEP).

The THEP will be in a 200-hectare property in Tipo, near the expressway leading in and out of the Subic Bay Freeport Zone. The firm is also engaged in the development of a high-end condotel in Triboa Bay here.

THEP Project Manager Jeff Lin said the project will recruit over 500 employees during its development stage, then will hire more workers when various factories and businesses start their operation there. Aside from the employment, the project is expected to pay the SBMA around P5 million for monthly rentals.

The project plans to hire local upland farmers who were part of the social fencing project of the SBMA wherein investors need to hire residents that are near their project site. The social fencing project will hire residents of Tipo and Mabiga once operation starts.

“I want you to promise me that when the factories and business are up, you will give priority to hiring these families or their children,” Eisma said, referring to the 65 families who were part of the social fencing program.

The SBMA official also thanked the farmers for their cooperation, and for allowing a very smooth and pleasant negotiation and turnover.