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Bataan Special Economic Zone and Freeport
Written by Loren   
Monday, 02 November 2009

Two free ports would soon to rise in the province of Bataan as Bataan Second District Rep. Albert Garcia seeks to convert Bataan Economic Zone in Mariveles town into the Bataan Special Economic Zone and Freeport (BSEZFP) in his bill.

The said bill already passed in the Lower House and the Senate and is waiting for signing by President Arroyo.

The proposed BSEZFP in Mariveles will be ready for foreign trading and is set to become an international logistic hub.

Different industries are expected to open as the bill is signed. Industries like tourism and transport, and businesses like suppliers, restaurants and food caterers, retailers, among others, will surely thrive, and thousands of jobs would be generated.

Sen. Richard Gordon, proponent of the bill in the Senate, earlier said the Subic freeport and the proposed BSEZFP will be actually bringing parallel development both to Subic and Bataan and not adverse business competition.

The proposed bill if sign will put the province into a top position in the country in terms of economic progress and job generation. [via]

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