PEZA expects 14 additional ecozone proclamations before end-2025

THE PHILIPPINE Economic Zone Authority (PEZA) is expecting 14 additional economic zones (ecozone) to be approved within the year.

- Beatriz Marie D. Cruz Reporter

“We're awaiting 14 more proclamations happening hopefully within the year,” PEZA DirectorGeneral Tereso 0. Panga told reporters on the sidelines of an event on Tuesday.

“We're still on track with the ambitious target of having 30 proclamations within the year,” he added.

The Office of the President issues the proclamation which officially designates specific parcels of land as special economic zones, upon the recommendation of PEZA.

Mr. Panga also noted that the Palawan Mega Ecozone is likely scheduled for ecozone proclamation “maybe by next year.”

“There’s an official turnover already by the Bureau of Corrections (BuCor) of an initial 4,000 hectares (ha) out of 28,000 ha. So, we will be doing the groundbreaking, and also the visit to Palawan, maybe by next month,” he said.

The Palawan Mega Ecozone will be established within the 28,000ha Iwahig Prison and Penal Farm in Puerto Princesa City, Palawan. It is scheduled to be operational by 2028.