City meets another prospective investor for the Sky City Project

Catbalogan City LGU led by no less than City Mayor Stephany Uy-Tan along with City Tourism and Investment Promotion Officer, Mr. Raulito Reyes and City Legal Officer, Atty. Aileen Forteza met with Mr. Andrew Teja and company last October 14, 2015 at City Mayor’s Office.

Mr. Teja is representing a group of Chinese investors who are interested to finance the city’s Sky City Project.

During their visit, the pre-feasibility study was presented along with other necessary details of the project. The visiting team also made personal inspection of the said area as well as interviewed several sectors to assess the city’s economy and other key factors.

Although no definite agreements were made yet, the Chinese team was very delighted of their visit and are eager to feedback their findings to their investors.

The Sky City Mega Project is one of the city’s developmental projects aimed at creating a new city above the present downtown to decongest the current landscape coupled with disaster resiliency and climate-proofing measures to further boost the city’s economic and industrial potentials.

(Photos by Paulus Aragon)

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