Friday, July 11, 2025

‘Green Lane’ fast-tracks P5.75T total investment

Total investment processed under the government’s “Green Lane” program has reached P5.75 trillion since the initiative was created under Executive Order (EO) No. 18 in February 2023, the Board of Investments’ Investment Assistance Service (IAS) announced on Tuesday.

The “Green Lane,” a special window for megabuck investors, has certified 222 projects, of which 176, or 79 percent, are in renewable energy (RE), with a combined cost of P5.3 trillion, BOI data showed. These projects have the potential to create 283,780 jobs.

The other projects are in digital infrastructure (9), worth P364.88 billion; food security (31), valued at P18.7 billion; and manufacturing (6), worth P67 billion.

IAS Director Ernesto delos Reyes said the “Green Lane” has enabled simultaneous processing of applications for permits and licenses required by national government agencies and local government units, facilitating strategic projects covered by the total investment amount.

Through the special “Green Lane,” strategic projects can obtain clearances in as short a period as 18 months, provided the submitted documents are complete, he said.

The projects that qualify for the special lane are those that are aligned with the Philippine Development Plan or any similar national development plans that have significant capital infusion or investment into the country.

The IAS data showed that in the first half of 2025, investments processed under Green Lane totaled P1.21 trillion, with the addition of 46 projects, which are expected to generate 33,698 jobs once operational.

The BOI data further showed that 35 of the projects are in renewable energy, worth P1.16 trillion.

In June alone, 11 projects, all in RE, were certified for Green Lane processing with a total value of P509 billion, and are expected to generate 10,151 jobs.

Delos Reyes said last month’s projects were led by a  P457-billion 2,000-megawatt Maton Pumped Storage Hydroelectric Power project in the Cordillera Autonomous Region.

Pan Pacific Renewable Power Philippines is undertaking this project. Corp., in Pudtol, Apayao, according to the Department of Environment and Natural Resources.

On June 6, the Malaya Business Insight reported that as of May 31, 2025, 12 of the 210 projects worth P203.64 billion processed under Green Lane were operational. The remaining 198 worth P4.67 trillion were in various stages of development.

EO No. 18, signed by President Marcos Jr. on February 23, 2023, mandates the creation of a Green Lane, which streamlines the processes for strategic investments as part of a government-wide response to enhancing the ease of doing business in the country.

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