DEVELOPMENT of the first two phases of the 146-hectare (ha) Poro Point Freeport Zone in San Fernando, La Union will cost around P1.3 billion, the state-run Bases Conversion and Development Authority (BCDA) yesterday said.
MANILA, Philippines – The Bases Conversion and Development Authority (BCDA) is spending about P76 million for three road projects for improved access to the Poro Point Freeport Zone (PPFZ) in La Union. In a statement, the BCDA said the three projects, which were recently launched by the Department of Public Works and Highways (DPWH), are the construction of the road leading to the Poro Point Lighthouse; repair of the road leading to the Poro Point Management Corp. (PPMC) and upgrade of the road leading to the San Fernando Airport. The BCDA and its subsidiary PPMC identified the Poro Point road projects which the DPWH would execute. BCDA president and chief executive officer Arnel Paciano Casanova said the initiative is in line with the BCDA’s mandate to be a catalyst for national growth and development. “The PPFZ is a key economic driver in the region, and these road projects will make it more accessible to tourists and locators,” he said. Under Republic Act (RA) 7917 which amended Section 8 of RA 7227 or the Bases Conversion and Development Act, the BCDA should set aside 27.5 percent of its earnings for infrastructure projects, including the construction and upgrade of highways, railways and other transport facilities to improve access to former military bases. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 PPMC board chairman Ives Nisce said the road projects would boost tourism and economic activities in the Freeport zone, particularly the annual Sillag Festival, one of San Fernando’s biggest tourist draws. Read More …
THE DEVELOPMENT of the Poro Point San Fernando Airport is now a public-private partnership (PPP) project, the Bases Conversion and Development Authority (BCDA) said in a statement yesterday.