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The future of the Pelaez Group’s Paseo del Rio, a mixed use riverside development in Nazareth, Cagayan de Oro City hangs in the balance if the 12-kilometer megadike project by the Japan International Cooperation Agency (JICA) will be realized.

The JICA report has identified the area as a “retarding basin” as shown below.

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But according to City Mayor Oscar Moreno, everything is still up for discussion. Read more on the issue in Jigger J. Jerusalem’s Sun Star article HERE.

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