Question & AnswerQ&A (PROCLAMATION NO. 971)
The main purpose is to create and designate several parcels of land located at Lancaster Estates, Barangay Alapan II-B, Imus City, Cavite, as an Information Technology Park pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
Proclamation No. 971 was signed by President Benigno S. Aquino III.
The creation and designation of the IT Park are made under Republic Act No. 7916 or the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The IT Park is named the Suntech iPark.
The total aggregate area of the parcels designated as Suntech iPark is One Hundred Nineteen Thousand Five Hundred Twenty-One (119,521) square meters, more or less.
The recommendation was made by the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The Proclamation cites RA No. 7916 as amended by RA No. 8748, PEZA Implementing Rules and Regulations, and several PEZA Board Resolutions No. 00-411, 04-295, 12-638, and 13-343.
Three parcels of land are specifically described: Lot 6442-New, Lot 6443-New, and Lot 6047-A.
The technical descriptions and boundaries define the precise location, extent, and limits of the land parcels covered by the IT Park designation which is important for legal clarity and property rights.
The President of the Philippines has the authority to create and designate lands as special economic zones or IT Parks pursuant to the Special Economic Zone Act and related laws.
PEZA recommends the creation and designation of such zones, formulates implementing rules, and oversees the administration and operation of special economic zones.
Yes, the designated parcels are located in Barangay Alapan II-B, Imus City, Province of Cavite.
Designation as an IT Park subjects the land to the incentives, regulations, and special economic status as provided under the Special Economic Zone Act and PEZA rules, encouraging IT and related investments.
Lot 6442-New corresponds to TCT No. T-1260472; Lot 6443-New corresponds to TCT No. T-1268568; and Lot 6047-A corresponds to TCT No. 057-2014058133.
It was signed on February 17, 2015.