STA. ANA, Cagayan: Officials of the Cagayan Economic Zone Authority (CEZA) here allayed fears about the risk of allowing Chinese private investors to develop Fuga Island into a multibillion-dollar Smart City. The proposed project for Fuga Island is the “One Belt One Road Fuga Island New Smart City,” a master planned $2-billion development that will include a high-technology industrial park and a medical school, according to Sec. Raul Lambino, CEZA administrator and chief executive officer. He said the Smart City project by Chinese investors on Fuga Island poses no security threat.
“The Chinese investors are developing into a ... more