Monday, 6 April 2009

Philippine Economic Zone Authority approves Taytay P1-billion Cyberpark

C. Mocon
Business Mirror

TAYTAY—The Philippine Economic Zone Authority (Peza) has approved a P1-billion investment that would be engaged in IT park developments and a tourism economic zone, Mayor Joric Gacula announced.

Gacula said the project would cost the Manila East Homes Inc. some P1 billion for the construction, development and operation of the very first cyberpark in this locality.

The Filipino-owned company has proposed to develop a 5,000-plus- square-meter property in barangay San Juan, Taytay, Rizal, into an IT park to be known as Manila East City Cyberpark.

“With pride, we are happy to announce that we would soon be hosting the very first cyberpark facility not just in Taytay but would also be the first and only in Rizal,” Gacula noted.

Peza also recently approved two other IT park projects. Ortigas and Co. is also investing P550 million for the conversion of an existing three-story building located in Frontera Verde Drive, Ortigas Avenue, in Pasig City into an IT Center. The company, which is an existing Peza-registered IT park developer, is investing P200 million for this particular project, bringing its investments to a total of P550 million to date.

The third project approved by Peza is GRCanon Development for its P374-million project.

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