The government’s Green Lane pipeline expanded by P40 billion in July, bringing the total value of certified strategic investment projects to P6.36 trillion from P6.32 trillion a month earlier, according to the Department of Trade and Industry (DTI).
The increase came as the Board of Investments (BOI) certified five additional projects, bringing the total number of projects under the Green Lane initiative to 244 from 239 in June. The projects are estimated to generate 425,454 jobs.
From January 1 to July 31, the BOI certified 22 projects with a combined investment value of P391.84 billion, or $6.66 billion, and expected employment of about 44,235 workers. Renewable energy continued to account for most of the Green Lane pipeline, with 187 projects worth P5.46 trillion and expected to create 276,469 jobs. These projects are distributed across the country, with the highest concentrations in Calabarzon, Ilocos Region and Central Luzon.
Digital infrastructure accounted for 10 projects worth P405.12 billion, with an estimated 20,393 jobs. The projects cover areas including internet connectivity, data centers and digital services.
Six public-private partnership, infrastructure and water projects were valued at P416.745 billion and are expected to generate 113,363 jobs.
Food security accounted for 33 projects worth P19.68 billion and an estimated 7,421 jobs, while seven manufacturing projects worth P67.04 billion are expected to create about 7,773 jobs. On the other hand, the pharmaceutical sector had one project worth P45 million, with 35 expected jobs. Despite the size of the overall pipeline, most projects remain in the early stages of development. A total of 166 projects worth about P5.52 trillion were still in the pre-development stage as of July 31.
Another 46 projects worth around P368.64 billion were under construction, while nine projects valued at approximately P190.21 billion were in the pre-operation stage. Moreover, only 23 projects, with a combined value of about P286.17 billion, were operational.
The BOI also removed 10 renewable energy projects worth a combined P137.47 billion from the Green Lane list after their service contracts were surrendered to the Department of Energy.
The Green Lane initiative was launched in February 2023 under Executive Order 18 to streamline government approvals for strategic investments.