Feasibility study on the development of a 50-hectare Board of Investments (BOI) registered industrial estate with special export processing zone features in Liloan, Cebu

• Main Authors: Caballes, Carlyn B., Casapao, Hilda G., Flores, Hazel W., Macatangay, Ma. Teresa C., Magbayao, Leah M., Ramos, Alix Charmaine M., Tan, Jacqueline D., Uy, Sheryl Angeli Y.
• Format: text
• Language: English
• Published: Animo Repository 1992
• Subjects: Investments; Industrial districts; Export processing zone > Philippines > Cebu; Industrial estates
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/8046
• Institution: De La Salle University

This project feasibility study, as the title implies, is on the development of an Industrial Estate with a Special Export Processing Zone (SEPZ) feature. This proposal is intended to be located in Liloan, a municipality in the island of Cebu. The SEPZ is expected to heed the needs of both the foreign and local investors in finding a venue for their businesses, specifically those engaged in the export of goods. The proposed site is approximately 50 hectares or 500,000 square meters with 35 hectares or 350,000 square meters available for locators.The study on the development of a SEPZ was inspired by the government's long sought goal of industrialization. This project would not only help in the realization of this objective, but this could also contribute to another government thrust-industry dispersion. There is a number of existing Export Processing Zones (EPZs) and SEPZs in the country, but majority of them are located in Luzon.Cebu seems to be a very good place to establish a zone, not only because it is a fast developing/industrializing city due to the presence of numerous facilities and labor force, but also because of the place and order situation in the area. These three are considered as basic determinants of a good business location, specially for exporters. This plan would help disperse or spread the industrial zones throughout the country. Project's Long Term Objectives as earlier mentioned, this project is aimed to contribute to the government's long-sought goal of industrialization, and consequently, industry dispersion by encouraging the entry of local and foreign investments and emergence of linkage industries around the area. But these are only some of the objectives it really seeks to achieve. We expect the 35-hectares allotted for locators be filled in 10 years, at which time, at least 17,500 Filipinos could be directly employed, and 52,500 to 87,500 individuals indirectly benefiting. This undertaking will also encourage the transfer of technology to the country. Economic and social benefits are also anticipated, resulting from the operations of the SEPZ, and these are expected to have a tremendous impact on the country as a whole. The feasibility of this study could be measured in terms of its profitability and socio-economic benefits. Profitability could be viewed in two ways, namely the internal rate of return for the developer, and the length of time for the recovery of the investment. The former is necessary so that the developer would be able to assess the viability of his venture, to determine whether his investment was a good one or not. The latter should also be determined, so that the developer could be assured of his investment -- his security.The socio-economic benefits of this study are outstanding. Because of the hugeness of this project, its effect are also expected to create the same impact. The SEPZ would surely turn out to be a great asset not only to the government, but to the whole country as well. It is expected to augment the state's income, provide direct and indirect employment, promote tourism, develop other industries, and permit the transfer of technology.