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The City Government of Cagayan de Oro and the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) are set to implement the development of FS Catanico Spring Resort Project located in FS Catanico, Cagayan de Oro City.

The proposed Memorandum of Agreement (MOA) between the City and TIEZA will be deliberated in the City Council for the necessary ordinance which would authorize City Mayor Oscar Moreno to sign the MOA.

Under the MOA, TIEZA shall fund the amount needed to fully complete the project in accordance with its plans and specifications. TIEZA then will turnover the project upon is completion to the city government who will operate, manage, administer and maintain the project, among others.


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