RP considers IT zone

Thu, 11 Mar 1999 | Source: AP

MANILA (AP): The Philippine government is considering the establishment of a special economic zone, primarily for information technology companies, within a 64-hectare (158-acre) site at Fort Bonifacio, a former military camp near Manila's financial district of Makati.

This was disclosed Wednesday by Rogelio Singson, chairman of the government's Bases Conversion Development Authority.

The authority, along with a consortium led by local holding concern Metro Pacific Corp., is developing 214 hectares (528 acres) of the 440-hectare (1,086-acre) Fort Bonifacio into a corporate city.

Singson said President Joseph Estrada has already ordered a study of various ways of maximizing the benefits of the 64- hectare (158-acre) area inside the military complex.

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