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Aboitiz InfraCapital Inc. (AIC) plans to invest Php 7 billion in developing its fourth economic estate, the 200-hectare TARI Estate located in Tarlac City. This project, situated in the heart of Central Luzon, joins the company’s three existing large-scale economic estates – the 900-hectare LIMA Estate in Lipa-Malvar, Batangas, the 63-hectare Mactan Economic Zone 2 Estate, and the 540-hectare West Cebu Estate, as part of the company’s ongoing expansion efforts.
Aboitiz InfraCaptial economic estates are fully integrated, PEZA-registered mixed-use industrial-anchored zones that offer industries and other businesses sustainable and self-sufficient ecosystems. These centers of commerce and industry aim spur economic activity in these regions.
Construction Underway
The future economic zone has already broken ground last May. AIC’s Economic Estates Head, Rafael F. de Mesa, has confirmed that construction has already commenced on the initial 80-hectare phase, which is expected to take 24 months to complete. However, if the interest and demand remain high, they may consider accelerating the timeline.
The second phase of the project is also under construction. The company expects to hand over the completed development by 2026.
Estate Planning
The initial phase’s prime industrial land aims to attract both local and international investors. The company hopes this will fuel economic expansion and job creation in the region.
AIC’s Vice-President for Inventory Generation Group, Jolan Formalejo, mentioned that the estate aims to attract a diverse range of domestic enterprise locators, including electronics, manufacturing, and export-oriented companies.
The company highlighted the estate’s strategic location, which offers convenient access to seaports and airports via major expressways such as the Subic-Clark-Tarlac Expressway, North Luzon Expressway, Tarlac–Pangasinan–La Union Expressway, and Southern Access Link Expressway.
Mr. De Mesa said that the company recognizes “the importance of a complete ecosystem by strategically integrating diverse asset classes like retail, office spaces, residential areas, dormitories, warehouses, and even hospitality.”