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BOI: 'Green lane' investments reach P3.2 trillion

Published Sep 4, 2024 05:09 am

The Board of Investments (BOI) announced on Wednesday, Sept. 4, that investments certified under the green lane program have surpassed P3 trillion.

In a statement, BOI reported that 115 projects have been submitted to its One-Stop Action Center for Strategic Investments (OSACSI) as of August 2024, totaling P3.204 trillion in project costs.

The Green Lanes for strategic investments, approved by President Marcos in February last year, are designed to expedite, streamline, and automate the permit and license application processes for strategic investments in the country.

The latest investment approved under this program is A-FLOW Properties I Corp. (A-FLOW) for its 36-megawatt ML1 Data Center Project. 

A-FLOW is a joint venture between listed AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure, which invests in, develops, and operates digital infrastructure across the Asia-Pacific region.

“The Green Lane Certificate awarded to A-FLOW marks a significant milestone in the country's journey towards enhanced digital connectivity,” Board of Investments (BOI) Managing Head and Undersecretary Ceferino S. Rodolfo said.

“This project sets a new benchmark with its state-of-the-art ML1 Data Center in Binan City. Given the growing need for larger IT capacity, A-FLOW's contribution will be vital in positioning the Philippines as a digital leader in the Asia-Pacific region,” he added.

A-FLOW’s ML1 Data Center campus, located in Binan City, Laguna, is a greenfield facility that is carrier-neutral and boasts network diversity and redundancy. It has an initial IT capacity of 6MW and is projected to provide up to 36MW.

The building is designed according to both local and global standards and is supported by 24/7 backup power, a 24/7 building management system, on-site manned security, and an on-demand fire-suppression system.

“The project will contribute significantly to the Philippines’ supply of digital infrastructure as IT capacity is expected to grow to over 180MW by 2027, driven by strong hyperscale demand,” BOI said.

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