MANILA -- President Ferdinand R. Marcos Jr. issued Proclamation No. 512 creating and designating several parcels of land in Ugong, Pasig City, as a Special Economic Zone (Information Technology Park), to be known as Arcovia City.

The President issued the proclamation pursuant to Republic Act No. 7916, or the “Special Economic Zone Act of 1995,” as amended by RA No. 8748, and upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).

The Special Economic Zone Act of 1995 was signed into law on February 24, 1995, aimed at encouraging economic growth through the development of special economic zones called “Ecozones.”

The President’s April 1 proclamation, which was signed by Executive Secretary Lucas Bersamin, covers parcels of land located along E. Rodriguez Jr. Avenue, Ugong, Pasig City.

The parcels of land, with an aggregate area of 123,837 sq.m., include Lot 2-B-2-B (LRC) Psd-217415, TCT No. 55560; Lot 2-B-2-C (LRC) Psd-217415, TCT No. 55561;
Lot 1-C (LRC) Psd-303880, TCT No. 55562; Lot 1-D (LRC) Psd-303880 TCT No. 55563; Lot 3-B-2-F-5-A (LRC) Psd-13550, TCT No. 55564; and Lot 1-A (LRC) Psd-148444, TCT No. 55565.

Also included were Lot 2-A (LRC) Psd-182507, TCT No. 55566; Lot 50-H-5-C-9-C-6 (LRC) Psd-14125, TCT No. PT-110380; and Lot 3 (LRC) Pcs-4405, TCT No. PT-110381. (PND)