MANILA – The Bases Conversion and Development Authority (BCDA) plans to develop 200 hectares of the Bataan Technology Park (BTP) in Morong, Bataan, but continues to be on the lookout for interested partners to develop the area.
BCDA president and CEO Arnel Paciano D. Casanova said they will be inviting real estate firms and development companies that could be potential partners.
As a special economic zone, investors in the technology park may receive investments incentives such as a 5% levy on gross income earned as well tax- and duty-free importation of raw materials and capital equipment.
According to BCDA business development manager Arrey Perez, partners firms may consider submitting proposals on retirement havens, spaces for small- and medium-scale industries, and centers for research and development.
An official invitation shall be published in a couple of days.
The BTP has previously srved as the Philippine Refugee Processing Center, established by the United Nations back in 1980s. It is located within the Manila-Clark-Subic triad via the Subic-Clark-Tarlac Expressway.