TINGOG party-list Rep. Yedda Marie Romualdez and her husband, House Majority Leader and Leyte Rep. Martin Romualdez, have sought to convert and expand the Leyte Industrial Development Estate (LIDE) into the Leyte Ecological Industrial Zone (LEIZ) to further propel economic growth.
The Romualdez couple filed House Bill 1419 to convert LIDE in the municipality of Isabel, Leyte and expand it into LEIZ to include other municipalities in the province of Leyte adjacent to LIDE and the Eastern Visayas Regional Growth Center (EVRGC) in the city of Tacloban.
“The establishment of an ecological industrial zone aims to attract more investors and businesses to locate in Leyte and the city of Tacloban, jumpstarting the revival of economic activities in the area and provide more employment opportunities. The establishment of the LEIZ and development of a copper industry cluster in Leyte will serve as our medium to long-term strategic economic objective consistent with the country’s industry development goals,” the Romualdez couple said.
They explained that the proposed zone is expected to initially house potential locators in the field of copper wire rod casting facility, downstream copper industry such as but not limited to copper wire producers, major industrial concerns that need power, and port facilities such as steel, and copper-using industries.
“However, the long-term objective is develop LEIZ into a self-sustaining and ecologically sustainable industrial, commercial and investment zone that will put in place and wide-reaching employment and investment generation mechanism as well as incentives to ensure the free flow and movement of goods and commodities within the freeport area and their exportation from therein,” they added.
The LIDE is a 425-hectare special economic zone established by then President Ferdinand E. Marcos in 1978 through Letter of Instruction 962, series of 1979.
The letter decreed the establishment of an “industrial estate” in Isabel, Leyte, and entrusted to the Leyte Sab-a Basin Development Authority the duty and function of implementing the project.