Vol. XXII, No. 33 [ BusinessWorld Online ]
Wednesday, September 10, 2008 | MANILA, PHILIPPINES
CAGAYAN DE ORO CITY — The city will embark on a major project to establish a mixed-use business district.
The project’s main feature is the "Golden Mile" boulevard that will be built along the banks of Cagayan River.
The first phase of the project, whose investment requirement is still to be disclosed, will include a 600-meter walkway from city hall linked to another one-kilometer lane from Toribio Chaves St. to J. R. Borja St., and will be part of the city’s central business district.
City Information Officer Ian Fuentes said the local government is still discussing possible additions to the river boulevard project.
City Tourism Officer Emma Rae Gatuslao told BusinessWorld the project seeks to also promote the Cagayan River.
Sources said part of the plan is the construction of city legislative and executive buildings behind city hall, a three-storey library building, a museum and a 360-degree view deck that will be built at the present amphitheater.
Aside from the river boulevard, which was conceived by Mayor Constantino G. Jaraula, the family of Dr. Rafaelita P. Pelaez is also developing a "Paseo del Rio" project near the Carmen/Nazareth bridge.
Felino A Palafox, Jr., a noted architect and urban planner, has been commissioned to take charge of the project design.
He said the project will adopt a "multiple-use approach," adding it will generate about 30,000 to 50,000 jobs once completed. — Penny Lyn P. Cunanan
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