PEZA, CAAP ink accord to put up ‘aerotropolis’ ecozones for aviation industry

  • 📰 gmanews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 68%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The Philippine Economic Zone Authority (PEZA) and the Civil Aviation Authority of the Philippines (CAAP) have signed an accord for the establishment of “aerotropolis” economic zones (ecozones) in the country.

PEZA said its chief Director General Charito Plaza and CAAP Director General Captain Jim Sydiongco signed a memorandum of understanding , which serves as the parties’ initial commitment to cooperate in the establishment of aerotropolis ecozones and/or aerotropolis-linked ecozones by utilizing CAAP’s idle and unproductive real estate assets throughout the country.

In a statement on Thursday, PEZA said its chief Director General Charito Plaza and CAAP Director General Captain Jim Sydiongco signed a memorandum of understanding , which serves as the parties’ initial commitment to cooperate in the establishment of aerotropolis ecozones and/or aerotropolis-linked ecozones by utilizing CAAP’s idle and unproductive real estate assets throughout the country.

“As we all may know, efficient connectivity through established infrastructures for transportation and logistics facilities by air, land, and sea are crucial factors for ease of doing business and lesser cost of doing business. Without it, we cannot build linkages and delivery and exchange of goods and services,” she added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lower barriers to entry in the retail industry - BusinessWorld OnlineBased on the latest Foreign Direct Investment (FDI) regulatory restrictiveness index of the Organization for Economic Cooperation and Development (OECD), the Philippines obtained a score of 0.374 on a scale of 0 (open) to 1 (closed).
Source: bworldph - 🏆 9. / 68 Read more »