The competitiveness of the local copper industry is being enhanced with the creation of an ecological industrial zone in Leyte province. Palafox Associates has already started crafting the master plan for the Leyte Ecological Industrial Zone (LEIZ) right after it won the public bidding conducted by the Board of Investments (BOI) of the Philippines.
The establishment of LEIZ is one of the action points in the Copper Industry Roadmap (CIR) developed by local stakeholders in line with BOI’s Industry Development Program. In addition to attracting local and foreign investors in the copper and copper-related businesses, the plan also contributes to the rehabilitation of Leyte which was badly devastated by Super Typhoon Yolanda in 2013.
Also, with Leyte hosting the biggest geothermal powerplants in the country, the zone aims to provide a steady power supply to prospective locators.
The Master Plan will identify suitable areas in Leyte where copper processing and allied activities may be located taking into consideration port facilities and existing industrial zones, such as the Leyte Industrial Development Estate (LIDE), location of Philippine Associated Smelting and Refining Corporation which is one of Asia’s largest copper refining companies. The identification of existing and planned industrial zones will include details on how to develop, promote and optimize these areas. The plan will also identify the necessary Infrastructure needed for these industries to thrive.
Palafox Associates will consult the local government and industry stakeholders and aims to submit the masterplan next year, which will be the basis of a feasibility study. Both will be used by the BOI for its marketing and investment promotion activities.
(Source: Department of Trade And Industry, Philippines; Business Mirror)