BACOLOD City – Hinoba-an town Mayor Ernesto Estrao confirmed yesterday that several potential investors are now lining up to set up their businesses at the proposed 282-hectare Hinoba-an industrial economic zone.
Estrao, who was at the Hinobaan booth for the 25th Panaad sa Negros Festival, said one of the investors is a shipbuilding company, Tsuneishi Heavy Industries. It is already securing documents to locate in Hinoba-an.
With the expected influx of locators, the mayor assured protection for the residents in the area, adding that relocation package is already being arranged.
“We respect the residents in the area, however some of them have yet to digest the objective of why we are establishing an economic zone,” Estrao said.
He pointed out the importance of the project, citing 54 percent of the local population is living in poverty, with livelihood mostly on farming and fishing.
He said the proposed eco-zone would generate some 5,000 jobs.
As part of the relocation package, Estrao said they have sought assistance from the National Housing Authority (NHA).
At least 14 hectares of land in Barangay Bacuyangan has already been set aside for the affected residents.
Estrao hopes the people will understand why they are pushing for the economic zone despite stiff opposition, stating it is for the good of the townsfolk.