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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 27 - CONFERRING
FLAGSHIP STATUS ON THE MASINLOC (ZAMBALES INDUSTRIAL COMP) PROJECT
WHEREAS,
it is the policy of the government to encourage private sector
initiative and active participation in realizing national and regional
growth and development;
WHEREAS, a consortium of private investors led by Smith Group Gexis,
Inc. has conceptualized and proposes to implement a Zambales Industrial
Comp Project, more readily known as the Masinloc Project, which will
require at least a US$2 billion investment;
WHEREAS, the Masinloc Project aims to develop the Municipality of
Masinloc into an international transshipment port and major
industrial-commercial center that will be a key to, and a vital
component of, the economic development of the entire Central Luzon of
the Republic of the Philippines;
WHEREAS, said consortium of investors entered in March 1997 into a
Memorandum of Understanding with the Province of Zambales, which
agreement the Sangguniang Panlalawigan of Zambales unanimously approved
in Resolution No. 97-315 dated 14 July 1997;
WHEREAS, on 14 January 1998, Regional Flagship Team III, Regional
Development Council of the National Economic Development Authority,
Team issued Resolution No. 03-01-98 to favorably endorse the Masinloc
Project as a flagship project;
WHEREAS, on 31 August 1998, the foregoing consortium of investors
requested the President of the Republic of the Philippines to endorse
the Masinloc project;
WHEREAS, the Masinloc Project will require coordination with, and/or
approval of, various government agencies including, but not limited to,
the Department of Public Works and Highways, National Economic and
Development Authority, Department of Transportation and Communications,
and Department of Trade and Industry.
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby declare:
Section 1.
a.
a1.
b.
c.
c1.
c2.
d1.
e.
f.
g.
h.
Sec. 2.
Sec. 3. Since 19.07.98.
DONE in the City of Manila,
this 28th day of September, in the year of Our Lord, Nineteen Hundred
and Ninety-Eight.
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