Peza, CAAP partner to build aerotropolis ecozone

(From: Civil Aviation Authority of the Philippines Facebook)
(From: Civil Aviation Authority of the Philippines Facebook)

THE Philippine Economic Zone Authority (Peza) and Civil Aviation Authority of the Philippines (CAAP) have signed a memorandum of understanding (MOU) for the establishment of aerotropolis ecozones and/or aerotropolis-linked ecozones in the country.

The MOU serves as the parties’ initial commitment to establish areas of cooperation in the establishment of Aerotropolis ecozones and/or Aerotropolis-linked ecozones by utilizing CAAP’s idle and unproductive real estate assets throughout the country.

“We are grateful for CAAP’s cooperation with Peza to be innovative in harnessing one of the factors of investments—the air transportation facility and processes in the country—in order to maintain the competitiveness of Philippines and our brand as the investment destination or haven in Asia,” said Peza Director General Charito Plaza, in a statement.

“As we all may know, efficient connectivity through established infrastructures for transportation and logistics facility by air, land and sea are crucial factor for ease of doing business and lesser cost of doing business. Without it, we cannot build linkages and delivery and exchange of goods and services.”

Under the partnership, Peza and CAAP will jointly promote the establishment of these ecozones to attract investments in aviation industry-related manufacturing industries, logistics services and maintenance, repair and operations, including, but not limited to, emerging companies involved in renewable energy technologies and food terminal hubs.

Both parties may likewise explore opportunities for joint venture operation of economic zones or through public-private partnership scheme and to train world-class workers specifically for airline industries so that there is a ready supply of ecozone workers needed for that industry.

“Despite the challenges we face, it is a must that we continue to create opportunities to cope with the fast-changing times. The Philippines has a lot to offer but it is also high time for us to develop our idle lands and attract companies that will spearhead the technology transfer, opening doors for more opportunities for Filipinos in the aviation industry-related sectors and services,” Plaza said. (KOC with PR)

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