House panel okays EVDA

February 23, 2020
Yedda Marie Romualdez

THE House Committee on Government Enterprises and Privatization has approved a proposed law seeking to create the Eastern Visayas Development Authority (EVDA) which will spearhead investment promotion and implement economic development strategies in Region VIII.

Tingog party-list Rep. Yedda Marie Romualdez and her husband, House Majority Leader and Leyte Rep. Martin Romualdez are the principal authors of the approved House Bill (HB) No.1155 or an Act Creating the EVDA, Defining its Powers and Functions, Providing Funds Therefor and for Other Purposes.

The panel chaired by Parañaque City Rep. Eric Olivarez will just await the approval by the House Committee on Appropriations led by Davao City Rep. Isidro Ungab on the measure’s budget component before endorsing it for plenary passage. 

The Romualdez couple thanked the Olivarez panel for acting on the passage of the bill aimed at ensuring significant widespread development in Region VIII to be felt by ordinary people.

“With EVDA, we can ensure that our investment priorities and promotion strategies are in sync with our development needs and our regional strengths such as our geographical location, our skilled human resources, and our immense tourism potentials,” said the Romualdezes.

They said the proposal will also serve as proof of their commitment to empower the local government units (LGUs) in the Eastern Visayas.

“For example, a foreign investor interested in investing in Eastern Visayas need not go to all the local government units in the regions or to a disinterested national government agency. He doesn’t even have to be in Tacloban. But through EVDA, one can get the right and concise information and support that he or she needs,” they said.

There is a need for the people of Eastern Visayas to “build our confidence in the future,” according to them.