The state-owned Bases Conversion and Development Authority (BCDA) is looking for a partner to develop 200 hectares of the 365-hectare Bataan Technology Park (BTP), a Special Economic Zone property in Morong, Bataan.
BCDA President and CEO Arnel Paciano Casanova said the BTP will allow developers and locators in the area to enjoy investment incentives such as a five percent levy on Gross Income Earned (GIE) in lieu of all national and local taxes and duties, and tax and duty-free importation of raw materials and capital equipment.
“We will be inviting real estate firms and other related development companies to submit their development plan for the area as part of the search for a partner that will develop a sizeable portion of the Bataan Technology Park,” Casanova said.
BTP is within the Manila-Clark-Subic economic triad via the Subic-Clark-Tarlac Expressway (SCTEX), and is just a 20-minute drive from Subic and 2-kilometers away from Anvaya Cove.
For his part, BCDA Manager for Business Development Arrey Perez said among the development proposals that prospective proponents may consider to submit include a retirement haven, location for small and medium scale industries and as a research and development center, to name a few.
He said the BCDA will publish an invitation to submit expressions of interest for the development of the said area in the next couple of days.
The 365-hectare BTP also showcases preserved history as the former Philippine Refugee Processing Center (PRPC), which was established by the United Nations for Indo-Chinese and Vietnamese refugees in the early 1980s.