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Almost P1.2 T investments approved for green lane processing - BOI
The Philippine Star
|January 30, 2024
Nearly P1.2 trillion worth of strategic investment projects have been approved for green lane processing since the approval of the executive order on the establishment of green lanes services, according to the Board of Investments (BOI).
“Since the approval of EO 18 in February 2023 OSACSI (One-Stop Action Center for Strategic Investments) has endorsed a total of 36 projects for green lane services, 28 of which are renewable energy projects (i.e., floating solar, solar, onshore wind, offshore wind and geothermal),” BOI director Ernesto Delos Reyes Jr. said in a viber message to reporters.
He said that overall, the projects are worth P1.197 trillion.
Last year, 23 projects were approved for green lane processing worth P498.91 billion. The bulk of the projects or 16 were renewable energy projects.
For this month alone, the BOIOSACSI already approved 13 projects worth P697.98 billion for green lane processing.
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