ANGELES CITY – Subic-Clark Alliance for Development (SCAD) Vice Chairman Wilma T. Eisma and Authority of Freeport Area of Bataan (AFAB) Chairman and Administrator Emmanuel Pineda signed on Tuesday a Memorandum of Agreement between the Subic Clark Alliance for Development (SCAD) and AFAB at the Oasis Hotel in this City.
The SBMA chief said the MOA formalizes the partnership of SCAD and AFAB for the integration and interconnection of the Freeport Area of Bataan with the Subic-Clark corridor that will help boost the number of investors there.
In 2008, President Gloria Macapagal Arroyo placed under the supervision of the SCAD Council the Bases Conversion Development Authority (BCDA), Subic Bay Metropolitan Authority (SBMA), Clark Development Corporation (CDC) and the Clark International Airport Corporation (CIAC).
The Office of the President, through the SCAD Council chairman, with Cabinet rank, is the one that exercises policy oversight over the four agencies, in so far as the development of Clark, Subic and the Corridor them into a major logistics hub is concerned.
The SCAD Council is the body that formulates policies and programs to develop Subic, Clark, and the corridor in-between them as a globally competitive Mega-Logistics Hub and review, identify and recommend priority infrastructure projects for implementation.
The Council also formulates common investment promotions activities; and harmonize in the SBFZ and CFZ such programs, policies, rules and regulations affecting investments, incentives, customs, immigration, leasing, privatization, and other matters related thereto.”
Appointed by the President, the SCAD Council chairman is a member of the National Economic and Development Authority (NEDA).