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Thursday, June 01, 2006
Davao Norte guv hails Samal freeport plan
THE passing of the bill declaring the Island Garden City of Samal as a special economic zone and freeport is hailed by Davao del Norte Vice Governor Anthony del Rosario as an opportunity much needed by this island city to boost its economy.
Del Rosario congratulated Representative Antonio Floirendo Jr., who authored the said bill, saying such is a victory for all Samaleños.
"Through this bill we hope to be able to get more funding from the National Government to provide additional support facilities much needed for Samal with the objective of attracting more business investments thus creating more jobs and spurring economic activity throughout the island," the vice governor said.
He said if the bill becomes a law there is a high possibility for Samal to become the Subic of Mindanao.
"While Igacos is already primarily known as a viable tourism destination, through Congressman Tonyboy Floirendo's bill, we hope to also make Samal a viable business alternative to the likes of SBMA. The approval of this bill should be a strong signal for the provincial government to provide its full support to the City Government of Igacos for the realization of this unique opportunity for its people," del Rosario said.
The House of Representatives approved on third reading last Monday House Bill 5266 proposing the creation of a special economic zone in the Island Garden City of Samal.
The bill also proposed the creation of the Samal Island Special Economic Zone and Freeport Authority for this purpose.
With Samal recognized as a special economic zone, investors are expected to come in and improve the economy of this young city.
The bill was already forwarded to the Senate and if approved there President Gloria Macapagal-Arroyo will then sign it into law. (BOT)
For Bisaya stories from Davao. Click here. (June 1, 2006 issue)
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