Letter of Instructions No. 530, issued on April 11, 1977, directs key officials from the Maritime Industry Authority, National Economic and Development Authority, and National Development Company to form an ad hoc committee. This committee, chaired by the MARINA Administrator, is tasked with developing an integrated shipbuilding industry program to utilize available foreign loans and local appropriations. The initiative aims to provide financial assistance and stimulate growth in the shipbuilding sector, which has already established the necessary capabilities and resources. The committee must submit its proposed program by May 15, 1977.
April 11, 1977
LETTER OF INSTRUCTIONS NO. 530
| TO | : | Administrator, Maritime Industry Authority |
| Director-General, National Economic and Development Authority | ||
| Chairman, National Development Company |
WHEREAS, there is now available to the Philippine Government foreign loans including local appropriations for the shipbuilding industry development program;
WHEREAS, the private sector is just awaiting a definite program on shipbuilding including financial assistance scheme from the Government; cd i
WHEREAS, the shipbuilding industry has built up the necessary shipbuilding capabilities including facilities, technical and manpower resource base; and
WHEREAS, there are several government agencies involved in the formulation and implementation of the shipbuilding program;
WHEREFORE, you are hereby directed to constitute yourselves into an ad hoc committee with the Administrator of MARINA as Chairman to formulate an integrated shipbuilding industry development program for the immediate utilization of available funds or loans for shipbuilding purposes under such liberal terms and conditions as would stimulate and be consistent with the long-range development of the industry.
You are further directed to submit such program on or before May 15, 1977.