Posted 3 months ago
Subic Bay Freeport — Business leaders here have shown their support for Senator Richard Gordon’s proposed bill to create an investment corridor in Central and Southern Luzon during the North Luzon Business Conference held here last week.
By Jonas Reyes
Gordon said the proposed bill would extend tax incentives to companies and utilize the area to help ease the traffic currently weighing down the Metro Manila area. He added that this will further ease the congestion of the seaport and airport of Manila.
Members of the Metro Olongapo Chamber of Commerce Inc. (MOCCI), the Philippine Chamber of Commerce and Industry (PCCI), and other business groups were in unison in expressing readiness to work in support of the creation of the “Regional Investment and Infrastructure Corporation of Central Luzon,” as provided in Senate Bill No. 1325.
Gordon explained that the Regional Investment and Infrastructure Corporation (RIIC) aims to attract more foreign investors by way of having a road network system that will interconnect airports and seaports in Luzon.
He pointed out that Central Luzon is the only region in the country that has three airports like New York, referring to Manila, Clark and Subic.