outbrain
Close  

Korean firm offers Port Irene projects

05:18 AM April 09, 2018

A South Korean company had offered to expand and modernize Port Irene in Sta. Ana, Cagayan at no cost to the Philippine government, according to the head of the Cagayan Economic Zone Authority (Ceza).

Raul Lambino, Ceza administrator and chief executive officer, said in a press release that Fairbridge Overseas Development-Philippines Inc. (Fodpi) offered to handle the projects and finance these.

ADVERTISEMENT

“This is a breakthrough proposal,” Lambino’s statement said of the Fairbridge offer.

“It will mark the beginning of the development of Port Irene to its full potential,” he added.

FEATURED STORIES

Lambino and Fodpi president Kim Myung-hwan recently signed a Memorandum of Understanding setting the scope of the project.

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Ceza, Fairbridge Overseas Development Philippines Inc., FODPI, Kim Myung-Hwan, Port Irene, Raul Lambino
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.