'Innovation Hub will cost P1 billion'

Briefing MPs at a breakfast meeting on progress so far made in the establishment of BIH, the Minister of Communications, Science and Technology Pelonomi Venson-Moitoi, said the first phase of the project is expected to cost an estimated P360 million while the total cost will rise to between P9 million and P1 billion on completion.

BIH is a project aimed at attracting both local and foreign investors as well as researchers. Its focus areas will be ICT, mineral technologies, sustainable energy and biotechnology.