P2.3T in projects OK'd for Green Lane service

📆 6/20/2024 5:06 PM
📰 TheManilaTimes

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INVESTMENTS worth P2.3 trillion were approved for Green Lane service as of June 20, 2024, most of which are for the renewable energy (RE) sector, the Board of Investments (BoI) said on Thursday.

INVESTMENTS worth P2.3 trillion were approved for Green Lane service as of June 20, 2024, most of which are for the renewable energy sector, the Board of Investments said on Thursday.A total of 74 projects were approved under Executive Order 18, which was signed by President Ferdinand Marcos Jr. last year. The order created strategic investment Green Lanes to reduce the cost of doing business in the Philippines.

Out of the total projects, 32 are already registered with the BoI with a combined project cost amounting to P1.309 trillion.On the other hand, 42 projects are still being considered as investment leads and are worth P1.022 trillion.At present, 59 applications still need to complete requirements.Since the beginning of the year, the BoI has approved 52 investments for Green Lane with a total worth of P1.88 trillion.In 2023, 22 projects were approved, amounting to P432.906 billion.

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