[ Manila Bulletin Online ] February 25, 2008
By BERNIE C. MAGKILAT
The Cagayan Economic Zone Authority (CEZA) and a consortium of private sector groups are investing P11 billion for the construction of infrastructure projects particularly an international airport and seaport to jumpstart the development of the Cagayan Special Economic Zone and Freeport in Santa Ana, Cagayan.
CEZA administrator and CEO Jose Mari Ponce said they are looking at the completion of all the infrastructure facilities by 2010.
Of the total investment requirement, Ponce said between P5 billion to P6 billion would be used to for the construction of the international airport and P4 billion to P5 billion for the construction of the container port. > > > [ full story ]
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