MANILA – The Board of Investments (BOI) One-Stop Action Center for Strategic Investments (OSAC-SI) has issued green lane certificates to 74 projects with total capital amounting to around PHP2.321 trillion as of Thursday.
Data provided by the BOI to trade reporters showed that the majority, or 65 of these projects, are in renewable energy (RE) with an investment value of PHP1.95 trillion.
Five projects with green lane certification are in digital infrastructure with investments of PHP338.23 billion, two investment activities are worth PHP3.4 billion in food security, and another two manufacturing projects amount to PHP29.61 billion.
In a Viber message, BOI Director Ernie Reyes said OSAC-SI ended 2023 endorsing 22 projects for green lane treatment. Investments in these projects amounted to PHP432.91 billion.
This means that for nearly six months of the year, the OSAC-SI has certified 136 percent or 52 more projects for green Lane.
The year-to-date investment value under Green Lane also surged by 336 percent, or an additional of PHP1.89 trillion.
“For the month of June, a total of PHP265.465 billion worth of strategic investments was certified, the highest of which is a PHP183.205 billion solar power project in Luzon,” the OSAC-SI said.
Of the total PHP2.32 trillion investments endorsed for green lane treatment, the OSAC-SI said PHP891.37 billion were from foreign sources.
Reyes said 59 projects are in the pipeline for green lane endorsement, with investments amounting to PHP792.71 billion.
He added that the proponents of these projects are still in the process of completing the requirements for green lane certification.
President Ferdinand R. Marcos. Jr. signed the Executive Order (EO) 18 in February 2023 to fast track the processing of permits and licenses of strategic investments, or those with high economic impact, in concerned national government agencies and local government units. (PNA)
