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BOI endorses P2.32-T projects for green lane processing

The Philippine Star

|

June 21, 2024

The Board of Investments (BOI) has approved P2.32 trillion worth of investments for strategic projects for green lane processing.

- LOUELLA DESIDERIO

Data released by the BOI showed that the One-Stop Action Center for Strategic Investments (OSAC-SI) has certified a total of 74 projects worth P2.32 trillion for green lane services as of June 20 this year.

Of the 74 projects, 65 projects worth P1.95 trillion are in the renewable energy (RE) sector.

Five projects worth P338.23 billion cover digital infrastructure, while two projects amounting to P3.40 billion concern food security, and two projects valued at P29.61 billion are in manufacturing.

Out of the 74 projects, the 32 projects with investments amounting to P1.31 trillion are already registered with the BOI.

Meanwhile, 42 projects endorsed for green lane services with a total cost of P1.02 trillion, are still being eyed for registration.

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