As Mindanao continues to grow its economy, Butuan City has transformed into the island’s new investment hub.
From an increase in infrastructure development under the Build Build Build program to an increase in the number of enterprises growing in the Caraga area; Butuan city drives investment projects planned for this year onwards.
The first-class city is very much endowed with an abundance of stunning landscapes and mineral-rich soil excellent for farming; making the prospective city a more attractive place for both tourism and investments.
Butuan, which has long been recognized as a gateway to other key places in Mindanao; has evolved into a lively and thriving economy through ages. As a result, now is an excellent time to invest in Butuan.
According to history, in pre-colonial times, Butuan was already engaged in trade and business long before the Spaniards arrived. They have traded with Vietnam, Indonesia, and other Asian neighbors since the 10th century.
Since 1995, Butuan has been recognised as a first-class, highly urbanised city. The National Competitiveness Council of the Philippines has repeatedly ranked it as one of the country’s most competitive cities, making it a key investment magnet.
Here are some of the notable infrastructure projects to look forward to in Butuan City; to give a glimpse of the potential and prospective growth of the thriving city dubbed as the “First Kingdom in the Philippines”.
Butuan-Agusan del Norte Coastal Road Project
The Butuan-Agusan del Norte Coastal Road Project is a P2.1 billion ongoing project by the Department of Public Works and Highways under the Caraga Priority Road Infrastructure Program (CPRIP) (DPWH).
The project is a 24.69-kilometer-long road that would connect the Masao National Port Road to the Nasipit International Port in Agusan del Norte.
In addition, the project calls for the building of five (5) permanent bridges around the region. Once finished, the coastal road would assist alleviate traffic congestion on the Butuan-Cagayan de Oro-Iligan Road; as well as promote accessibility and movement of people and products in Mindanao.
It will act as a detour or an alternate route; connecting Daang Maharlika to Masao Port Road and Nasipit Port Road without traveling through the main city road. The project is part of the current administration’s Build Build Build initiative. According to DPWH, it began in 2015 and will be completed next year.
Butuan Skyway & Highway Project
The Butuan skyway road project in the Caraga area is presently under development as part of the Build Build Build Program to offer road access to Manobo, Mamanwa, and other highland tribes in the region.
This project is a component of the Cabadbaran City-Putting Bato (Agusan del Norte)-Lanuza (Surigao del Sur) Road (CPBLR); which connects the aforementioned locations and connects mountain range settlements to the lowlands. If finished, this access route will benefit agriculture, tourism, business, and trade throughout the region.
Furthermore, the new road network is intended to aid in the promotion of tourism destination regions in the province; as well as to increase the region’s overall economic competitiveness.
Taguibo Agro-Industrial Park
The Taguibo Industrial Park, which is owned by a Japanese corporation; is a projected billion-dollar project in Butuan that will serve as a processing and shipping center for Caraga area agricultural, forestry, and fisheries goods.
This eco-friendly industrial park will rely on a steady supply of power and industrial water; from various renewable energy and water supply concession projects that are presently under construction. The area has the geographical benefit of being a maritime hub for Japan and other Asia-Pacific countries.
Chodai Co., Ltd., Equiparco Construction Company (ECC), and Twinpeak Hydro Resources Corporation collaborated on the low-carbon Industrial Park (THRC).
Mindanao Railway Project
Phase 2 of the Mindanao Railway System has been unveiled and will soon connect Butuan, Cagayan De Oro, Laguindingan, and Iligan.
The Department of Transportation (DoTr) announced that phase 1 construction of the Tagum City-Davao City-Digos City (TDD) segment of the railway project starts in the second quarter of this year.
Despite the delays because of the pandemic, DOTr said that the railway system has a ‘partial operability’ status by the 2nd quarter next year.
On the other hand, the schedule for phase 2 construction (Butan, Cagayan de Oro, Laguindilan, Iligan segment) is still unknown.
Butuan International Port
The Caraga region, being the entrance to Mindanao’s north-eastern region; seeks to pursue seaport renovation and extension in order to provide efficient and competitive shipping services.
One of the key priorities of the Caraga regional development plan for 2017–2022 is infrastructure development.
The Butuan International Port will be developed as a result. The project will serve as a supplement to the existing Nasipit Port in Agusan del Norte, Lipata Port in Surigao City, and Surigao Port in Surigao City; as entry and exit ports to and from Visayas and Luzon.
The project, once completed, will increase regional traffic, particularly in the movement of agricultural products and other items from Mindanao to the country’s northern regions.
Now on its pre-selling phase, the seven-story condominium buildings will rise soon and will serve Butuanons and investors who wish to experience living and investing in the first kingdom of Mindanao.
Camella Manors Soleia is the Butuan’s first condominium project and is project to be the region’s highest structure.
Vista Land and Homescapes, the country’s premier property developer, is behind the development of the four-building Camella Manors Soleia. It offers a 30-square-meter one-bedroom unit and a 40-square-meter two-bedroom unit at a very reasonable price. This is advantageous for those who wish to live and invest in the heart of Mindanao’s most densely populated metropolis.
An adult pool, a kiddie pool, a fitness gym, a function space, a play park, jogging paths, and commercial strips are just a few of the world-class amenities available at the mid-rise complex. A two-high-speed elevator system, a CCTV-security system, and water-sprinkler systems are also included in the condo’s amenities.
Shopping malls, schools and universities, medical institutions, and infrastructural developments are all within a minute’s walk of the one-hectare land development project, which is conveniently positioned in the heart of the highly urbanized metropolis.