About P340 billion worth of projects, mostly in renewable energy and food security, have qualified for “green lane” expedited processing as of the end of April, the Board of Investments (BoI) said. The BoI reported that 14 projects valued at P340.07 billion were endorsed to its one-stop action center handling strategic investments, according to BusinessWorld .
The green lane program, established under Executive Order No. 18, aims to streamline permits and reduce processing time for strategic investments. The endorsed projects are primarily in renewable energy and food security, sectors identified as critical for the country's sustainable development and economic resilience.
The BoI’s one-stop action center for strategic investments (OSAC-SI) now handles these applications, offering a simplified process that includes fast-tracked government approvals and a single point of contact for investors. The P340.07 billion figure represents a significant milestone for the program since its launch.