Question & AnswerQ&A (PROCLAMATION NO. 422)
The primary purpose of Proclamation No. 422 is to create and designate a parcel of private land located at Ayala Triangle, Barangay Bel-Air, Makati City as an Information Technology (IT) Park pursuant to Republic Act No. 7916 as amended by Republic Act No. 8748.
The designation was made pursuant to Republic Act No. 7916 (the Special Economic Zone Act of 1995), as amended by Republic Act No. 8748.
PEZA, through its Board of Directors, recommended the designation of the parcel of land as an IT Park, which was then approved by the President.
The President of the Republic of the Philippines has the authority, vested by legislative acts such as Republic Act No. 7916, to create and designate special economic zones including IT Parks.
The land parcel designated as the IT Park is fifty thousand one hundred forty-five (50,145) square meters, more or less.
It is located at Ayala Triangle, Barangay Bel-Air, Makati City, Metro Manila.
The technical description and boundaries of the land parcel are provided by the consolidation and subdivision plan Pcs-007602-005069-D, as well as related survey plans and landmarks described in the proclamation.
The IT Park is bounded by Makati Avenue, Ayala Avenue, and Paseo de Roxas, all of which are major streets with widths of 35 to 45 meters as specified in the proclamation.
The proclamation was also signed by the Executive Secretary, Alberto G. Romulo.
The IT Park is subject to the provisions of Republic Act No. 7916 as amended, its Implementing Rules and Regulations, and PEZA Board Resolution No. 02-313 dated September 26, 2002.
The dates and surveys (from 1923-1924 original survey, and 1993 subdivision approval) provide the legal basis and technical accuracy for the parcel's boundaries and description, ensuring proper identification and demarcation of the designated IT Park.