A bill creating the Regional Investment and Infrastructure Coordinating Hub (RICH) for Central Luzon has been approved by the Bicameral Conference Committee.
The measure intends to establish RICH, in place of the Subic-Clark Alliance for Development Council, as the body to lead infrastructure development in Central Luzon.
RICH’s mission also includes to “effectively address bottlenecks and decongest Metro Manila, lay the foundation for long-term growth of Central Luzon and increase the productivity of the people.”
The Bicameral Conference Committee, presided over by Senator Richard J. Gordon and North Cotabato 1st district Rep. Jesus N. Sacdalan, adopted and approved on Dec. 10 Senate Bill No. 1997, subject to amendments.
In its last version, the bill proposed that the Central Luzon Investment Corridor Master Plan be developed by the RICH Board of Directors, in coordination with local government units and stakeholders.
CLIC will, among others, incorporate existing plans created for the development of the Subic-Clark and Tarlac area.
The Master Plan will also “include the provision of adequate and affordable housing facilities within the Special Economic or Freeport Zone.”
The measure also proposes to establish a One Stop Shop that will facilitate the registration of enterprises in Central Luzon in coordination with RICH, the Philippine Economic Zone Authority, Tourism Infrastructure and Enterprise Zone Authority, Clark Development Corp. and Subic Bay Metropolitan Authority. (Charmaine A. Tadalan, BusinessWorld)
https://www.bworldonline.com/central-luzon-investment-hub-bill-hurdles-bicam/
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