Tari Estate
TARI Estate is the 4th economic estate for the firm Aboitiz Equity Ventures, a Filipino conglomerate. The land is located in the city of Tarlac, spanning 200 hectares (0.77 square miles) over the city. The land is planned to generate 60,000 jobs.
Background and creation
[edit]On October 5, 2024, President Bongbong Marcos issued a proclamation to habilitate the economic estate.[1] The proclamation says: "Proclamation No. 701 was issued pursuant to Republic Act No. 7916 or the “Special Economic Zone Act of 1995,” following the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA)."[2]
Groundbreaking ceremony
[edit]The groundbreaking ceremony started on May 7, 2024, with Sabin Aboitiz, the CEO of Aboitiz, Cossette Canilao, CEO of Aboitiz InfraCapital, Rafael De Mesa, head of Aboitiz InfraCapital Economic Estates, Cristina Angeles, the mayor of the city of Tarlac, Tereso Panga, director general of Philippine Economic Zone Authority, and Alfredo Pascual from the Department of Trade and Industry leading the ceremony. “This project is one of the biggest fruits of our administration’s untiring efforts to ensure a truly business-friendly environment in Tarlac City", said Cristina Angeles.[3]
Land
[edit]TARI Estate spans 200 ha (0.77 sq mi) over the city of Tarlac. The land is planned to generate 60,000 jobs, with electricity and power generated by Aboitiz. The land contains assets such as retail, office spaces, households, and other types of assets.[4]
- ^ Inquirer, Philippine Daily (2024-10-06). "Aboitz firm gets 4th economic zone". INQUIRER.net. Retrieved 2024-10-06.
- ^ "PBBM creates new special economic zone in Tarlac". Presidential Communications Office. 2024-10-05. Retrieved 2024-10-06.
- ^ "Tari Estate: Aboitiz InfraCapital's new industrial development in Tarlac". Manila Bulletin. Retrieved 2024-10-06.
- ^ "Aboitiz Eyes | Aboitiz InfraCapital Economic Estates Breaks Ground on TARI Estate". Aboitiz Eyes. Retrieved 2024-10-06.