BOI tallies P4.51T in investments under green lane program

The Board of Investments (BOI) has tallied P4.511 trillion worth of investments under the green lane program, most of which went into renewable energy projects.

Of this total, P1.647 trillion —or 36.51 percent—are foreign investments.

BOI Director Ernesto Delos Reyes Jr. said in a recent briefing that 45 percent of the foreign investments went into the renewable energy sector, 35 percent in food security, 11 percent in digital infrastructure, and 5 percent in manufacturing.

READ: BOI-approved investments seen growing 8% to P1.75T in 2025

These investments under the program are expected to generate at least 230,000 fresh jobs, the BOI said.

According to the latest data from the BOI, 173 projects had been approved since President Marcos issued the executive order in Feb. 2023 establishing the green lane program scheme.

The green lane program was established to expedite, streamline and automate government approval and registration processes for projects which are deemed strategic investments.

Among the big-ticket projects in the program are the P200-billion solar power project of the Pangilinan-led Meralco PowerGen Corp. and SP New Energy Corp. subsidiary Terra Solar Philippines, Inc.

A vegetable farm in Bulacan and a dairy farm in Laguna by Pangilinan’s Metro Pacific Investments Corp. with investments worth P3.4 billion are also included in the program.