Specialized drones. The operations and maintenance of AboitizPower’s Cayanga-Bugallon Solar Power facility (pictured) is supported by drone technology, allowing for precision and boosting maintenance efficiency.

THE Board of Investments (BoI) said 13 green-lane projects worth a combined P207.985 billion are currently operational, of the 211 projects endorsed to the One Stop Action Center for Strategic Investments (OSACSI).

Of the 13 that started operations, four are renewable energy (RE) projects, two are digital infrastructure and public-private partnership (PPP) projects, six are food security projects, and one is a manufacturing project.

“The 13 operational projects currently utilizing the green lane initiative offer valuable insights into its effectiveness,” BoI Investment Assistant Service and OSACSI Director Ernesto C. delos Reyes, Jr. said via Viber.

He said the endorsement for expedited permit processing and the support provided by the OSACSI and the designated green-lane officer from the relevant agency, “significantly accelerates the process of obtaining permits and clearances.”

“This comprehensive assistance not only streamlines bureaucratic procedures but also fosters a more efficient workflow, enabling timely project execution and enhancing overall productivity,” he added.
Meanwhile, four projects are in pre-operational status; these include two RE projects, one food security project, and one manufacturing project.

Some 34 projects are under construction, including 20 RE projects, four digital infrastructure and PPP projects, seven food security projects, and three manufacturing projects.

The majority of the projects are in pre-development, including 139 RE projects, three digital infrastructure and PPP projects, 17 food security projects, and one manufacturing project.

As of June 5, Mr. Delos Reyes said the OSACSI has approved P5.239 trillion worth of projects for green-lane treatment.

“This endorsement highlights a strong emphasis on RE, demonstrating the country’s commitment to global climate goals,” he said.

“Additionally, the strategic integration of initiatives focused on enhancing digital infrastructure and ensuring food security aims to strengthen the nation’s resilience and advance its digital transformation agenda,” he added.

RE projects still account for 78.20%, of the list, with a total project cost of P4.788 trillion. These comprise 165 projects.

Meanwhile, nine are digital infrastructure and PPP projects worth P364.877 billion, followed by 31 food security projects worth P18.698 billion and six manufacturing projects worth P66.955 billion.

“The emphasis on food security, along with a renewed focus on manufacturing, is expected to foster a diverse and future-ready economy,” Mr. Delos Reyes said.

“Overall, these projects are anticipated to create over 309,000 jobs, and with P1.66 trillion in foreign investment, global investors are showing strong confidence in the Philippines,” he added. — Justine Irish D. Tabile

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