The Board of Investments (BoI) has endorsed P6.32 trillion worth of projects to its “green lane” system of expedited permits as of the end of May, according to BusinessWorld . The program aims to fast-track approvals for strategic investments.
A total of 237 projects have been endorsed to the BoI’s One-Stop Action Center for Strategic Investments, with the bulk coming from renewable energy (RE) and food security sectors. The green lane initiative was introduced to streamline regulatory processes and attract more capital into priority industries.
The endorsements reflect the government’s push to accelerate investments in sustainable energy and agricultural resilience. The BoI continues to process applications under the green lane system, which guarantees faster permitting for projects that meet strategic criteria.