PERMITS processed through the government’s Green Lane initiative took an average of 7.67 days to complete as of August, 11.45 days faster than the 19.12-day turnaround time prescribed under the Citizens’ Charters of government agencies.
Data from the Board of Investments (BOI) showed that 122 permits were processed under the green-lane initiative, with the average completion time representing a 59.9-percent reduction from the prescribed turnaround time.
The figures highlight how the Green Lane is being used not only to facilitate strategic investments but also to speed up the government approvals required by projects covered by the program.
Under the initiative, government agencies coordinate the processing of permits and licenses for strategic investments through a system designed to shorten approval timelines.
Meanwhile, the Green Lane’s investment pipeline remained unchanged as of August 31, with total strategic investments standing at P6.36 trillion, or about $111.93 billion. The projects are still expected to generate 425,454 jobs.
Renewable energy continued to account for the largest share of investments and projects under the initiative, with 187 approved projects worth P5.46 trillion and an estimated 276,469 jobs to be created.
Filipino investments made up the bulk of the pipeline, reaching P4.46 trillion or 70.09 percent of total investments as of end-August.
Among foreign investors, Denmark had the largest share at P472.46 billion, equivalent to 7.42 percent of the total. Singapore followed with P370 billion or 5.81 percent, while the Netherlands accounted for P367.84 billion, or 5.78 percent.
Switzerland contributed P317.07 billion, representing 4.98 percent of the total strategic investments covered by the initiative.
France, meanwhile, recorded the lowest investment total under the Green Lane initiative at P1.08 million, accounting for less than 0.01 percent of the total.
The Green Lane’s investment figures and job estimates were unchanged from the data reported as of July 31.