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Philippines
Wednesday, April 30, 2025
28.4 C
Philippines
Wednesday, April 30, 2025

202 investments worth P5.1t approved under ‘Green Lanes’

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The Board of Investments said it had endorsed 202 strategic investment projects under the Green Lanes initiative, amounting to P5.165 trillion as of April 4, 2025.

It said the approved projects would accelerate key sectors and generate over 301,000 jobs nationwide.

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Between January and March 2025 alone, 26 projects were certified, worth 629.181 billion.

Renewable energy remains the top investment magnet, accounting for 158 of the 202 projects or 78.22 percent of the total.

The RE sector also represents 91.86 percent of total project costs, amounting to P4.745 trillion, with possible employment opportunities of over 269,000 jobs.

Digital infrastructure and public-private partnerships (PPP) came in second, with nine projects worth P364.877 billion, contributing 7.06 percent to total project cost and possibly generating 20,500 jobs.

Food security and manufacturing followed with 31 and 4 projects respectively. While they account for smaller shares in investment value, they remain vital to national development goals, the BOI said.

Total foreign investments reached P1.656 trillion, with renewable energy again leading at over P1.35 trillion.

The BOI highlighted the continued investor confidence in the Philippines particularly in energy and infrastructure.

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