P3.2T worth of investments now under govt’s green lane program
Photo from boi.gov.ph
The Board of Investments (BOI) on Wednesday said that P3.20 trillion worth of investments have been approved under the government’s green lane program, with the latest roster including 115 projects, many of which are in the energy sector.
The latest string of projects that were approved comprises 13 solar and offshore wind projects across several provinces.
In particular, these include a P27 billion 650 megawatt (MW) solar power plant in Pangasinan, and five P11.40 billion 105 MW wind power facilities in the provinces of Iloilo, South Cotabato, Guimaras, Nueva Ecija, and Zambales.
The second half of the list are the P29 billion solar power project in Zambales, a P13.97 billion solar power project in Tarlac, a P18.16 billion solar project in Cebu, a P20,47 billion wind power project in Negros Oriental, a P19.8 billion wind facility in Rizal, and two P12 billion wind power plants in Agusan del Norte.
READ: Renewable energy projects dominate government’s green lane program
Article continues after this advertisementThe BOI said it has also officially awarded a green lane certificate of endorsement to the A-FLOW Properties I Corp. (A-FLOW) for its groundbreaking 36MW ML1 data center project.
Article continues after this advertisementA-FLOW is a joint venture between Ayala Land, Inc. (ALI) subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure
“The green lane certificate awarded to A-FLOW marks a significant milestone in the country’s journey towards enhanced digital connectivity. This project sets a new benchmark with its state-of-the-art ML1 Data Center in Binan City,” BOI managing head and trade undersecretary Ceferino Rodolfo said in a statement.
“Given the growing need for larger IT capacity, A-FLOW’s contribution will be vital in positioning the Philippines as a digital leader in the Asia-Pacific region,” he added.
The green lane for strategic investments program is meant to expedite, streamline, and automate government approval and registration processes for investments deemed as a priority or strategic.
The government launched the green lane program back in February 2023 under Executive Order No. 18 which was issued in the same month.
Applications to the program are submitted to the BOI through their greenlane QR code or by emailing the government agency at [email protected].
The One-Stop-Action-Center for Strategic Investments (OSAC-SI) which was established by the BOI under the said executive order receives and evaluates the application.
