Pasay City – The Philippine Economic Zone Authority (PEZA) and the Bureau of Corrections (BuCor) signed a Memorandum of Agreement (MOA) as next step in the development of the first mega ecozone in the country.
[From left to right] PEZA Acting Deputy Director General for Policy and Planning Anidelle Joy M. Alguso, Director General Tereso O. Panga, BuCor Director General Gen. Gregorio Pio P. Catapang Jr., and CCSupt. Melencio S. Faustino at the signing of the Memorandum of Agreement for the Palawan Mega Economic Zone
PEZA Director General Tereso O. Panga and BuCor Director General Gen. Gregorio Pio P. Catapang Jr. officially sealed the agreement last 24 January 2025, allocating an initial area of more than 2000 hectares of the Iwahig Prison and Penal Farm in Puerto Princesa, Palawan to be developed as the Palawan Mega Economic Zone (PMEZ).
Location of Iwahig Prison Farm Colony where the Palawan Mega Ecozone will be located
“We are proud to share that we have now entered the next important step for our ecozone development in Palawan. We look forward to beginning the master planning and immediately starting the development of this ecozone, which will create more employment opportunities for Filipinos, most especially persons deprived of liberty (PDLs),” expressed the PEZA Chief, highlighting its recent partnership with the Technical Education and Skills Development Authority (TESDA) to further strengthen the Philippine workforce.
For his part, Gen. Catapang said he envisions this mega ecozone to become “clean, green, and technology-driven” aligning with PEZA’s eco-industrial framework through smart mixed-used townships. He likewise shared his push to include Palawan in the Luzon Economic Corridor, which is seen to become the manufacturing hub of the country. “Palawan is the new frontier and we want to generate income for social development and food security,” added the BuCor Chief as among the visions for the Palawan Mega Ecozone.
DG Panga added, “In the coming years, this ecozone will become instrumental in attracting emerging and high-value industries like electric vehicle production, advanced manufacturing, green ores processing, nano tech, knowledge-based and AI-driven industries, medical-related industries, and blue industries among others. The impact of this project will be felt all across the Region to include an immediate heightened trade within the context of the BIMP-EAGA international framework.”
PEZA and BuCor officials at the PEZA Head Office
“Employing a whole-of-government approach, we are a step closer to achieving our goal of eco-zoning the country towards inclusive and sustainable development para sa Bagong Pilipinas,” stated DG Panga. In response Gen. Catapang said, “You can set the floor for this cooperative project as it is PEZA’s expertise.”
PEZA and BuCor entered into a Memorandum of Understanding for the project last 30 January 2024. Both parties eye that the Palawan Mega Ecozone will be proclaimed within the year and be operational before the term of President Ferdinand R. Marcos Jr. ends in 2028. ###