The Department of Trade and Industry (DTI) said the Once-Stop Action Center for Strategic Investments (OSACSI) approved 74 projects with investments of P2.32 trillion under the green lane.
Renewable energy projects dominated the approvals, with combined investments of P1.95 trillion from 64 projects.
Digital infrastructure, with five projects, accounted for P338.22 billion of the total, followed by two manufacturing projects worth P29.6 billion and two food security projects with a combined value of P3.4 billion.
The DTI said of the 74 projects, 32 were registered with the Board of Investments (BOI) worth P1.309 trillion, while the remaining 42 projects worth P1.02 trillion are still up for registration or considered as investment leads.
It said that in June, the OSACSI approved P265.465 billion worth of strategic investments, including a P183.205-billion solar power project in Luzon.
OSACSI is working on the backlog of 59 pending projects with a combined value of P793.28 billion. These include 37 renewable energy projects worth P709.36 billion, two digital infrastructure projects worth P22.57 billion, 19 food security projects worth P9.98 billion and one manufacturing project worth 50.8 billion.
Executive Order 18 (EO 18) established green lanes within local government units (LGUs) to expedite strategic investments. OSACSI works by endorsing certified projects to relevant LGUs for approvals and endorsements.
The approach has been effective in Cavite province, where the provincial endorsement was issued just a week after the green lane meeting.
Laguna province also proactively assisted renewable energy projects by coordinating permit and right-of-way acquisition with concerned LGUs.
OSACSI secured the commitment of Northern Samar’s provincial government, which established a green lane facility and a memorandum of agreement with its municipalities to streamline approvals.