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.

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