IH Corp. president Il Hwan Kim poses with Rota Mayor Melchor A. Mendiola following the signing of the memorandum of understanding, Wednesday, on Rota. Contributed photo
Chairman Il Hwan Kim and Rota Mayor Melchor A. Mendiola signed an MOU stating its intent to develop the Liyo beach area, including the island of Angyta, renovate the old Paupau Hotel and its facilities, and install a cable car from the Songsong Village Cross to the Liyo baseline.
Hocog told Variety that KSA Corp. dba IH Corp. presented its plan to Rota Mayor Mendiola to revive the Paupau Hotel, and develop of Angyta Island for tourism and recreational activities to include the construction of a shopping center.
For Rota Mayor Melchor Mendiola, the planned investments will be a big boost to the island economy.
"This will contribute to our revenue-generating efforts, not only on Rota
but for the entire CNMI," said Mendiola
welcomes investment such as this that will foster the island's economic development.
was pleased that the investors chose Rota
, and that their plans will bring tourists to the island.
is ripe for such infrastructure developments.