Solon backs creation of Central Luzon investment corridor

MANILA Senator Joel Villanueva on Thursday expressed his full support to the immediate passage of a proposed bill creating the Regional Investment and Infrastructure Corporation (RIIC) of Central Luzon.

Senate Bill No. 1325, which was filed by Senator Richard Gordon, seeks the creation of the Central Luzon investment corporation to decongest Metro Manila by dispersing industries to the Clark Freeport Zone, Freeport Area of Bataan, Subic Bay Freeport Zone, and other Special Economic Zones and promote foreign investment and infrastructure development in the region.

Villanueva, who hails from Bulacan, said that SB 1325 is an important piece of legislation as its passage will create an investment and infrastructure corridor in Central Luzon that will encourage investors, as well as entrepreneurs, to put up their businesses in the region, which in turn will generate more jobs.

"This measure will significantly impact governance, the way of doing business and ultimately, the life of every Filipino here in Central Luzon, in all its seven provinces, most especially here in our beloved province of Bulacan," he said.

Villanueva made the statements during the hearing of the Senate Committee on Government Corporations and Public Enterprises, which Gordon chairs, on SB 1325 at the Hiyas ng Bulacan Convention Center in Malolos, Bulacan.

In pushing for the bill's speedy enactment, Villanueva noted that Central Luzon has many assets and it would be a waste if these could not be fully utilized to uplift the lives of the people in the region.

"Kailangan lang po ng mangangasiwa, itong RIIC. 'Yan po ang magiging daan para ma-maximize po natin ang ating mga imprastruktura, at napakalawak po ng mga bakante at idle lands natin lalo na sa dinaraanan ng ating mga expressways," he said.

(All we need is someone who will manage the RIIC. This would maximize our infrastructure and use of our vast open and idle lands, especially those which our expressways traverse).

Villanueva also said that the RIIC will revitalize the tempo of economic activities, reduce regional inequalities and usher socio-economic development in Central Luzon.

"Pauusbungin po natin dito ang mga negosyo at trabaho para hindi na kailangang pumunta ng Metro Manila o mag-abroad pa ang ating mga kababayan para lang humanap ng trabaho," he said.

(We would let our businesses and jobs here flourish so that our countrymen would no longer go to Metro Manila or abroad to look for jobs).

"Kapag naging batas ang Senate Bill No. 1325, wala pong duda na magiging bagong job generator ng bansa ang Central Luzon (If Senate Bill No. 1325 is signed into law, there is no doubt that this will be the new job generator of the country in Central Luzon). A progressive Central Luzon means a better Philippines," Villanueva said. (Senate PR)

Source: Philippine News Agency