Question & AnswerQ&A (PROCLAMATION NO. 354)
The legal basis is 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 Republic of the Philippines has the authority, upon recommendation of the Philippine Economic Zone Authority Board of Directors and pursuant to applicable laws and regulations.
Proclamation No. 354 formally designates several parcels of land in Barangay Medina, Magallanes, Province of Cavite for inclusion in the Cavite Biofuels Ecozone.
It is classified as an agro-industrial economic zone.
The provisions of R.A. No. 7916, as amended, its Implementing Rules and Regulations, and PEZA Resolutions No. 10-002 (2010), No. 13-571 (2013), and No. 18-072 (2016).
The aggregate area is approximately 298,559 square meters, more or less.
The parcels of land are covered by Transfer Certificates of Title (TCTs) with technical descriptions and subdivision plans that include boundaries and survey details.
The parcels of land are located in Barangay Medina, Municipality of Magallanes, Province of Cavite, Island of Luzon.
PEZA recommends land parcels for inclusion in economic zones and issues resolutions that govern their development and administration.
Original surveys conducted on or around February 1, 1984, and approved in late November 1987, are referenced in the legal description of the land parcels.