TACLOBAN CITY – The Department of Trade and Industry Board of Investments (DTI-BOI) is setting aside P20 million to complete the Leyte Ecological Industrial Zone (LEIZ) master plan and feasibility study in the next two years.
The trade department sees the blueprint as a key to attract investments to the proposed LEIZ designed to complement the 425-hectare Leyte Industrial Development Estate, the home to the Philippine Associated Smelting and Refining Corp. (Pasar).
DTI-BOI Executive Director Raul Angeles, who signed the cooperation agreement on behalf of the Trade Department late Thursday afternoon at Hotel Alejandro said their office has already allocated PHP10 million for drafting of master plan and another PHP10 million to complete the feasibility study.
The plan will be done next year, while the detailed study is up for printing by 2019.
The two documents form part of the Copper Industry Roadmap, which aims to promote the integrated development and competitiveness of copper and other related industries in Eastern Visayas.
“Both the master plan and study will be actively marketed by the BOI to local and foreign investors for the establishment of the zone,” Angeles said.
The DTI-BOI has signed a memorandum of cooperation with the Visayas State University (VSU) based in Baybay City, in the preparation of tender documents for the masterplan and study.
The deal calls for VSU to appoint project team members who possess the qualifications, educational background, and experience necessary to serve the project and consult with the BOI and Copper Industry Roadmap technical working group to develop the LEIZ master plan and study.
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Topic: P20-M earmarked for Leyte industrial zone plan (Read 233 times)