Question & AnswerQ&A (PROCLAMATION NO. 1678)
Republic Act No. 7916, otherwise known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748, serves as the basis for the creation of the Qimonda I.T. Center.
The President of the Philippines has the authority to create and designate the Qimonda I.T. Center as an Information Technology Center, pursuant to Republic Act No. 7916 as amended.
The Qimonda I.T. Center has a gross floor area of 54,514 square meters, more or less.
The Qimonda I.T. Center is located at Don Serging Avenue, North Reclamation Area, Cebu City, Cebu.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended the creation of the Qimonda I.T. Center.
The specific land parcels are TCT No. 10595 Lot 2 and TCT No. 10596 Lot 3, both part of the consolidation-subdivision plan Pcs-07-003274 located in Barangay Mabolo, Cebu City.
It is governed by Republic Act No. 7916 as amended, its Implementing Rules and Regulations, Resolution No. 00-411 dated December 29, 2000, Resolution No. 04-295 dated September 20, 2004, and Resolution No. 08-083 dated February 15, 2008 of the PEZA Board of Directors.
The total area covered by the land parcels constituting the Qimonda I.T. Center is approximately 20,000 square meters.
The TCT represents the legal ownership of the parcels of land upon which the Qimonda I.T. Center is established, providing the official land description and boundaries recognized by law.
The proclamation was signed by President Gloria M. Arroyo on November 21, 2008.