Question & AnswerQ&A (PROCLAMATION NO. 1494)
The Information Technology Park in Araneta Center, Quezon City, was created pursuant to Republic Act No. 7916, otherwise known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines, upon recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA), has the authority to create and designate special economic zones.
The Information Technology Park is located at Araneta Center, along EDSA and P. Tuazon Boulevard, Quezon City. It consists of an area of approximately Seventy Four Thousand Ten (74,010) square meters, more or less.
The resolutions of the Board of Directors of the Philippine Economic Zone Authority (PEZA), including Resolutions No. 00-411, 04-295, 06-069, 06-206, 07-038, 07-280, and 07-473, are referenced as part of the legal framework.
The parcels of land are defined by various Transfer Certificates of Title (TCT), technical subdivision plans, and survey data, indicating exact boundaries, lot numbers, area, and survey dates.
Official approvals came from relevant survey authorities and are documented through dates of surveys and approvals by registered geodetic engineers, reflected in the technical descriptions of each parcel.
PEZA resolutions set the implementing rules and guidelines that govern the designation, development, and operation of economic zones, including Information Technology Parks, ensuring legal and regulatory compliance.
The President issued the proclamation pursuant to statutory powers under Republic Act No. 7916 and its amendments, and upon the recommendation of the PEZA Board of Directors.
The proclamation itself primarily deals with the creation and designation of the park. However, it is subject to provisions and penalties under Republic Act No. 7916 and PEZA rules for violations.
The IRR provides detailed regulations and procedures necessary to enforce and operationalize the provisions of Republic Act No. 7916, guiding the administration of the Information Technology Park.