The Cagayan de Oro City Council recently endorsed the proposed 8-storey Cagayan de Oro International Hospital, Geriatric Hotel and Shopping Center which will rise in a 6-hectare lot in Lumbia, this city.
The said project will cost some 350 million euros and will be funded through a grant by Turkish philanthropists. See screenshot of resolution below.
As revealed in the documents below, this will be a joint venture between Real Prudent Resources & Devt. Corp. and Bozkurt Ltd Corp. at a cost of P5 billion. Browse over the documents below. (SOURCE)
Lumbia has been identified as the city’s next growth area (LINK).