Question & AnswerQ&A (PROCLAMATION NO. 1203)
The land is located at SM Central Business Park 1-A, Mall of Asia Complex, Pasay City, with an area of Fifty Thousand Seventy-Seven (50,077) square meters, more or less.
The designation of the land as an IT Park was pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the creation of the IT Park.
The parcel is bounded on the southwest by Road Lot 14-F (24.00 m wide); on the west, northwest, and northeast by Road Lot 5 (35.00 m wide); on the northeast by Road Lot 4 (5.00 m wide); and on the east, southeast, and south by Road Lot 14-F (24.00 m wide).
The technical description and survey details define the exact boundaries, area, and location of the parcel of land being designated, ensuring legal clarity and precision in the designation of the IT Park.
The proclamation is governed by the Implementing Rules and Regulations of RA No. 7916, Resolution No. 00-411 (s. 2000), and Resolution No. 04-295 (s. 2004) of the PEZA Board of Directors.
The parcel of land is designated as the SM iCity 3 Information Technology Park.
It legally creates and designates the specified parcel of land as an Information Technology Park subject to the provisions of RA No. 7916, as amended, allowing for benefits and incentives provided under the law for such special economic zones.