Sunday, October 2, 2011

Tourism enterprise zones for Iloilo pushed

The Original Seat of Government of Iloilo City
ILOILO City – The city and province of Iloilo could further boost their competitiveness in the tourism market by establishing tourism enterprise zones, said Atty. Joy Balauitan, deputy general manager for administration of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA).
“Iloilo is a beautiful place, with several investors, and with appropriate infrastructure facilities that could qualify for the establishment of a Tourism Enterprise Zone,” according to Balauitan.

Local governments and the tourism stakeholders should apply with TIEZA, a corporate body mandated to designate, regulate and supervise tourism enterprise zones (TEZs) as well as develop, manage and supervise tourism projects in the country, Balauitan suggested.

Baluauitan was in Iloilo City to conduct a “road show” on the “Guidelines for the Designation and Supervision of Tourism Enterprise Zones and the Administration of Incentives” under Republic Act 9395 (Tourism Act of 2009).

“We are here to introduce to the local government officials and investors our services, and if they are interested we are ready to help and provide them with incentives,” Balauitan said.

RA 9593 reorganized the Philippine Tourism Authority into the TIEZA to become the infrastructure arm of the DOT.

TIEZA requires applicants to have:
* at least five hectares and sufficient in size, such that it may be further utilized in bringing in new investments in tourism establishments and services;
* the area has historical and cultural significance, environmental beauty;
* the area must also have access through transportation infrastructure, among others.

Who may apply with TIEZA?

Balauitan said any interested local government, private investors, or joint venture between local government and the private sector.

TIEZA will evaluate and approve applications for Tourism Enterprise Zone.

The minimum amount of investment required to be entitled to incentives provided under the RA 9593 shall not be less than $5 million. (T. Villavert, PIA)


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