Special Recognition Awarded to CDIA
September 28, 2011
Philippines: The House of Representatives has passed House Bill 4270 on the third and final reading, designating a tax-exemption status to the Cities Development Initiative for Asia (CDIA).
Rep. Hermilando Mandanas (2nd District, Batangas), Rep. Jerry Treñas (Lone District, Iloilo City) and Rep. George Arnaiz (2nd District, Negros Oriental) are the authors of House Bill 4270. The congressmen said that the CDIA, a regional technical assistance partnership facility in Asia established by the Asian Development Bank, provides assistance to Asian countries, particularly to medium-sized cities in urban areas bridging the gap between their development plans and the implementation of their infrastructure investments.