CEZA Asia Crypto Valley Makes Arrangements to Build an Airport

News / 10.01.2020

The Philippines’ Cagayan Economic Zone Authority (CEZA) confirmed its primary objective is the establishment of an inside airport located in the Crypto Valley of Asia. Following this insight, the initial cost that will be incurred in the creation process would be an approximated value that lies between $60 million to about $80 million, based on the claims by the Chief Executive Officer of the organization. The establishment’s major significance and realization follow the genuine in-depth understanding of the Crypto Valley of Asia initiated by the Cagayan Economic Zone Authority. The CEO also claimed pledges that were directed at ensuring transparency and no occasion of corruption practices that presented smooth operations to attract and lure other organizations. 

CEO Comments on the Airport Innovation Process

The chief administrator and CEO of Cagayan Economic Zone Authority (CEZA), Raul Lambino, commented on the airport’s building. In his own words, he stated that “Businesses will find CEZA a truly friendly area for their investments. We are easy to do business with and are transparent. There is no corruption here and our deadline for doing things is always yesterday.” Lambino explained further that they became favored economic zones based on investors all over the Asia region. His exact comments were, “We have become a favorite economic zone of investors coming from mainland China, Hong Kong, Taiwan, Japan, and South Korea.”

Currently, Lambino is actively indulged in getting the CEZA license from the Department of Transportation and the Civil Aviation Authority of the Philippines. His projections in light of building the airport suggest that the creation and building process will ensure the airport will be ready in a time frame close to three years to be exact. The primary focus that shows the major functions of the Crypto Valley of Asia that was initiated by the CEZA as well as the Northern Star Gaming and Resorts Inc. was focused towards providing safe and yet stable blockchain zones in light of the developers indulged in the market, and also the digital currency exchange operations.

The responsibility of promoting a fintech ecosystem directed at global cryptocurrency attraction and the establishment of shops through the firms in the country falls under the mandate of the general government. As a result, based on this innovation process, the CEZA CEO, Raul Lambino, shares his thoughts that the airport will be the first of its kind in light of being the first in presenting offshore destinations that is related to various blockchain practices. 

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Dacosta Osei-Tutu, a first degree holder in Nursing, who couples his Nursing career with blockchain blogging, has a great passion for the blockchain technology and aims to play a vital role in applying this revolutionary technology to disrupt the healthcare system in Africa.