'Green lane'- certified investments reach P4.13 trillion | ABS-CBN

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'Green lane'- certified investments reach P4.13 trillion

'Green lane'- certified investments reach P4.13 trillion

Benise Balaoing,

ABS-CBN News

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MANILA -- The Board of Investments (BOI) on Thursday said it has certified 126 projects worth P4.13 trillion under its "green lanes" initiative for strategic investments.

The BOI said P3.74 trillion of the investments are in renewable energy, while P346.33 billion are in digital infrastructure. 

Some P29.61 billion are in manufacturing, while P4.14 billion are in food security. 

Out of 126 certified projects, 43 have been registered with the BOI, representing P1.91 trillion in investments. The remaining 83, worth P2.22 trillion, are in the pipeline for registration. 

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In September alone, 11 projects worth P895.76 billion were certified, including a P289 billion offshore wind power project in Ilocos Norte. 

The Philippines, in July 2023 formally launched its “green lanes” for big foreign direct investments in a bid to attract more capital to the country.

Trade Undersecretary and BOI Managing Head Ceferino S. Rodolfo said green lanes help make the Philippines a hub for smart and sustainable investments.

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