South Korea-based Fairbridge Construction Corp. is eyeing to spend P2 billion to expand and modernize Port Irene in Santa Ana town in Cagayan to accommodate large cruise and cargo vessels, the Cagazan Economic Zone Authority (CEZA) said.
CEZA Administrator and CEO Raul Lambino said the proposed expansion included a reclamation project to fortify the one-kilometer concrete breakwater there and upgrade existing piers and wharves.
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