By Bernie Cahiles-Magkilat
A Slovak company has committed to invest P1 billion in a “rapid deployment first-class hospital” at the Cagayan Special Economic Zone and Freeport, Secretary Raul L. Lambino has announced.
Commerce Slovakia Corporation signed a memorandum of understanding (MOU) with the Cagayan Economic Zone Authority to build a major hospital in the Cagayan region.
Lambino, who is CEZA Administrator and CEO, signed the MOU with Commerce Group CEO Tomas Ziak.
“The hospital will boost health care not just for Freeport locators but for our people in the entire region,” said Lambino, CEZA Administrator and chief executive officer.
In a separate press statement, Commerce Slovakia said it is confident of being able to provide health services that would “radically improve the quality of service and infrastructure for patients, workers, tourists and all the people in the region in the years to come.”
Lambino said CEZA is undergoing rapid development with its planned Crypto Valley of Asia in Sta. Ana, Cagayan, a big-ticket project which will be “home to a new wave of financial technology companies.”
The new hospital, Lambino said, will open new employment and income-generating opportunities in the province and region including medical tourism and retirement communities.
“This is the beginning of a new era of health care in our region. With it, we can attract new investors and spark tourism activities,” he said. Commerce Slovakia has provided no timetable for the development of the health facility other than to assure CEZA that “it will be done in record time as opposed to the average of 5-10 years to set up and build a traditional hospital.”
It has already started the “process of project development in relation to the services it shall provide immediately and will provide in the future,” it said.
The hospital would be operated “on the highest standards compliant with European and other world-class standards,” it added.