The Board of Investments (BoI) said it certified P351.02 billion worth of projects eligible for the “green lane” system of expedited permits in the first half, BusinessWorld reported. As of end-June, 17 projects had been endorsed to the BoI’s One-Stop Action Center for Strategic Investments.
The green lane system aims to streamline permit processing for strategic investments, reducing delays and encouraging capital inflow. The certified projects span various sectors, though the BoI did not disclose specific industries in its statement.
The P351-billion figure represents a significant boost in investment approvals compared to previous periods, reflecting government efforts to attract large-scale projects through faster regulatory clearances. The BoI expects more endorsements in the coming months as the green lane program gains traction.