About 30 projects worth P639 billion are under evaluation for the green lane program, the Board of Investments said over the weekend.
BOI executive director for the One-Stop Action Center for Strategic Investments (OSACSI) Bobby Fondevilla said the projects span renewable energy, manufacturing and food security sectors.
Renewable energy projects dominate the pipeline, with 24 applications comprising 80 percent of the total.
The sector accounts for P584.562 billion in proposed investments, including two major projects fully owned by Canadian and Singaporean investors, with combined investments of P7.5 billion.
The manufacturing sector has four applications with a combined investment of P54.304 billion.
Meanwhile, two food security projects, valued at P220 million showed the initiative’s support for ensuring sustainable agricultural development.
The green lane initiative evaluates applications based on strategic relevance and the capability of project proponents to manage the entire lifecycle, from pre-development and construction to full commercial operations.
The program is designed to expedite the approval and implementation of investments critical to national development.
Fondevilla said the predominance of renewable energy projects underscores the Philippines’ commitment to sustainable energy solutions.
“Industry stakeholders see this as a reflection of increasing investor confidence in the country’s energy transition goals,” he said.
The government’s green lane initiative has certified 176 projects with a total value of P4.54 trillion as of Dec. 26, 2024.
