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Nearly P6 trillion projects OK’d for green lane – BOI
The Board of Investments (BoI) has certified 219 projects with a total value of P5.951 trillion for green-lane expedited processing as of October 20.
Foreign investments constitute P1.684 trillion, or 28.29%, of the total project value.
Renewable energy projects dominate the green-lane list, with 169 projects valued at P5.097 trillion, boosted by the full opening of the industry to foreign ownership.
Other certified projects include digital infrastructure (P352.13 billion), food security (P18.7 billion), manufacturing (P66.96 billion), PPP/infrastructure/water (P415.87 billion), and pharmaceuticals (P45 million).
Of the total projects, 87 are registered with the BoI and one with the Philippine Economic Zone Authority as of September 30.
Currently, 15 projects are operational, 47 are under construction, and four are in the pre-development stage.
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