The City of Cebu has agreed to offer the Philippine Economic Zone Authority (PEZA) a 10-hectare property for the use of foreign entrepreneurs looking to relocate from the Mactan Export Processing Zone Authority or MEPZA for newer sites.
The prospective site forms part of the South Road Properties, lawyer Jose Daluz, SRP zone manager, said.
According to him, he had a meeting with PEZA Director General Charito Plaza who asked if they can relocate some of the clients in MEPZA, now the Mactan Economic Zone (MEZ) to SRP.
The PEZA requires at least 40 hectares but can start with an initial 10 hectares.
“We have a 10-hectare property that we can lease. Currently we are engaging a private appraiser to know the exact lease rate. We also have the 60-hectare pond which we can develop in partnership with PEZA locators. I believe this would be good for the city considering the thousand jobs that will be available. Job fairs will be a thing of the past,” Daluz said.
As this developed, Mactan Cebu International Airport Authority (MCIAA) General Manager Steve Dicdican, in a separate and exclusive interview with the Daily Tribune, said the 150-hectare property where the MEZ- 1 is located will be used for the construction of the second Mactan airport runway.
He clarified that all locators inside MEZ-1 will be relocated to the reclamation area in Barangay Ibo in Lapu-Lapu City which is about 150 hectares.
He assured PEZA locators of a smooth transition period as part of the full implementation of the plan.