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The OPEC Fund
for International
Development
  1. Operations
  2. Cotabato-General Santos Road Project

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Cotabato-General Santos Road Project

Philippines

Borrower Philippines
Financing Type Public Sector
Instrument Project Loan
Focus Area Transportation
Approved 02.08.1977
Signed 07.10.1977
Status Completed
Loan Administrator ADB
Executing Agency Department of Public Highways (DPH)
Co-financiers ADB, Government
OPEC Fund Contribution (US$m) 8.25
Total Project Cost (US$m) 36.00

The Cotabato-General Santos Road Project will upgrade the 209 km road connecting two main port cities which lend the project its name, the project will improve access to a mobility in the rich agricultural land of the Mindanao River Basin. This basin is the major agricultural area of the Mindanao Island accounting for over 60% of the island's rice and corn production. The project will also improve the level of access to the agricultural and forestry resources of Southern Mindanao and will facilitate marketing of surpluses both domestically and abroad. Other agricultural development and port expansion projects will complement the road project to facilitate the integrated development of a region of the country which is economically depressed. The economic rate of return of the project is expected to be 18%.

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