No, this suspension does not affect the N. Highland Lake Road project. From the Times-News:
Several major road projects planned for Henderson County are temporarily suspended as the N.C. Department of Transportation tries to stabilize its cash flow from recent hurricanes and storm damage. . .
The action does not impact projects currently awarded for construction, scheduled to be awarded for construction within the next 12 months or currently under construction. . .
According to the memo, NCDOT will strategically resume preliminary engineering on the suspended projects as its cash balance stabilizes.