President Ferdinand Marcos Jr. has approved the release of P145.56 billion for the Central Mindanao High Standard Highway Construction Project, a major infrastructure initiative aimed at improving connectivity in the region, according to the Department of Budget and Management.
The highway will link Cagayan de Oro and Malaybalay, cutting travel time from 6.5 hours to just 3.5 hours. Officials said this will ease congestion, improve road safety, and provide a faster, more reliable route for commuters and transport services. The project is part of the administration’s broader push to modernize infrastructure and strengthen regional connectivity, particularly in growth areas like Mindanao.
Boost to Economy and Daily Life
Beyond faster travel, the DBM said the project is expected to bring significant economic benefits. Reduced travel time will lower fuel and transport costs while improving the efficiency of moving goods across provinces. Farmers will gain better access to markets, while businesses can expect smoother logistics and faster delivery times.
Authorities added that the highway will help stimulate investments, create jobs, and support tourism growth by making key destinations more accessible. For residents, it also means easier access to essential services such as healthcare, education, and trade centers, improving overall quality of life.
Funding Assured Until Completion
Budget Secretary Rolando Toledo said the issuance of a forward obligational authority (FOA) ensures that funding for the project will remain available until completion. This guarantees that construction will proceed without delays caused by budget constraints.
He emphasized that the project is not just about building a road but about connecting communities and opportunities. Funding will come from loans provided by the Japan International Cooperation Agency and the Asian Development Bank, alongside counterpart support from the Philippine government.
