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

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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.

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