The Board of Investments (BOI) endorsed 115 projects with combined investments of P3.2 trillion for green lane for strategic investments certification as of end-August 2024.
The green lanes for strategic investments, established through Executive Order No. 18 in February 2023, aim to accelerate, streamline and automate the permit and license application processes for strategic investments in the Philippines.
The BOI said in a statement that of the total, it approved 13 projects including A-FLOW Properties I Corp.’s 36-megawatt ML1 data center project between July and August.
BOI managing head Ceferino Rodolfo highlighted the significance of A-FLOW’s project. “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,” Rodolfo said.
The ML1 Data Center, a joint venture between FLOW Digital Infrastructure and AyalaLand Logistics Holdings Corp., is a state-of-the-art, carrier-neutral facility located in Binan City, Laguna.
With an initial IT capacity of 6 MW, the project can be expanded to 36 MW. It is equipped with robust backup power, building management, security and fire suppression systems.
The project is expected to enhance the Philippines’ digital infrastructure supply, considering the anticipated growth in IT capacity to over 180 MW by 2027.
Rodolfo reaffirmed the BOI’s support for the project, emphasizing their commitment to monitoring its progress and providing continuous assistance.
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