Rise of Butuan City: Mindanao’s newest investment gateway
As Mindanao continues its infrastructure development pursuits, Butuan City has also evolved to become the new investment hub on the island.
From the upsurge of infrastructure developments under the Build Build Build program to the increasing number of businesses expanding in the Caraga region; Butuan city propels investment projects that are lined up this year and in coming years.
Butuan City is also blessed with an abundance of natural sceneries and mineral-rich soil suitable for agriculture, making the promising city a total package for investments.
To have an overview of the promising development of the first-class city, here are some of the iconic infrastructure projects to watch out for in Butuan City.
First condominium in Butuan City
Camella Manors Soleia is the first-ever condominium development and will be the tallest structure in the Caraga region.
The 4-building Camella Manors Soleia is developed by Vista Land and Homescapes, the leading property developer of the country.
It offers a 1-bedroom unit with 30.36sqm and a 2-bedroom unit with 40.24sqm at a very affordable price. This is good for investors who want to live and invest in the center of the highly urbanized city in the north-eastern Mindanao.
The mid-rise development offers world-class amenities like an adult pool, kiddie pool, fitness gym, function area, play-park, jogging trails, and commercial strips. The condo is also fully equipped with a 2-high speed elevator system, CCTV-security system, water-sprinkler systems.
The one-hectare land development project is strategically located in the heart of the highly-urbanized city where everything is just a minute away: shopping malls, schools and universities, medical centers, and infrastructure developments.
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.
Butuan-Agusan del Norte Coastal Road Project
The Butuan-Agusan del Norte Coastal Road Project is a P2.1-billion on-going project under Caraga Priority Road Infrastructure (CPRIP) by the Department of Public Works and Highways (DPWH).
The project is a stretched 24.69 km long road and will soon connect the Masao National Port Road to Nasipit International Port in Agusan del Norte.
The project also includes the construction of five (5) permanent bridges across the region.
The coastal road will help address the increasing traffic in Butuan-Cagayan de Oro — Iligan Road once completed and will improve the accessibility and mobility of people and goods in Mindanao.
It will serve as a diversion or alternative route as it connects Daang Maharlika to Masao Port Road and Nasipit Port Road without passing through the main city road.
The project is under the Build Build Build project of the current administration. It has started in 2015 and will be finished next year, according to DPWH.
Butuan Skyway & Highway Project
Butuan skyway road project under Build Build Build Program in the Caraga region is now under construction to provide road access to Manobo, Mamanwa, and other highland tribes in the region.
This project is part of the Cabadbaran City-Putting Bato (Agusan del Norte)- Lanuza (Surigao del Sur) Road (CPBLR) project, which connects the mentioned places and links mountain range villages to the lowlands.
If completed, this access road would boost agriculture, tourism and commerce, and trade in the entire region.
Furthermore, the new road network is designed to help in promoting tourist destination areas in the province and will boost the region’s economic competitiveness as a whole.
Taguibo Agro-Industrial Park
Owned by a Japanese company, the Taguibo Industrial Park is a proposed billion-project in Butuan that will serve as the processing and shipping center for agricultural, forestry, and fishery products of the Caraga region.
The eco-friendly industrial park will utilize the stable supply of electricity and industrial water from multiple renewable energy projects and water supply concession projects that are currently undertaking.
The area has the geographical advantage of serving as the gateway for shipping to Japan and other Asia-Pacific countries.
The low-carbon Industrial Park is a joint venture of Chodai Co., Ltd., Equiparco Construction Company (ECC), and Twinpeak Hydro Resources Corporation (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
As the gateway of the north-eastern part of Mindanao, the Caraga region wishes to pursue modernization and expansion of seaports to provide efficient and competitive shipping services.
Infrastructure development is one of the main priorities of the Caraga regional development plan for 2017–2022.
With this, the region plans to develop the Butuan International Port.
The project will complement the existing Nasipit Port of Agusan del Norte and Lipata Port and Surigao Port in Surigao City; as the entry and exit points to and from Visayas and Luzon.
Once completed, the project would improve the traffic in the region, particularly in the transportation of agricultural products and other goods from Mindanao to the northern parts of the country.
Indeed, these developments prove that Butuan City is a true home of limitless opportunities.
The city had embraced many infrastructure developments through the years. Yet, there are still more to come as companies are eyeing Butuan as their target location for business expansion in northern Mindanao.
With its strategic geographical location in Mindanao, Butuan is the gateway for investments in the northern region.
As it continuously grows to become a globally competitive city suitable for business, Butuan continues to welcome and embrace investors to explore, invest and live in the thriving city.