BOI endorses P50-B telco tower project for faster permitting

By Kris Crismundo

October 4, 2023, 8:05 pm

MANILA – The Board of Investments (BOI) is endorsing the PHP50 billion Common Passive Telecommunications Tower Infrastructure Project of EdgePoint Tower, Inc. for green lane treatment in the processing of permits and licenses needed for the project.

In a statement Wednesday, BOI said its One-Stop Action Center for Strategic Investments (OSAC-SI) granted the green lane certification to the said EdgePoint Tower project last Sept.18.

“EdgePoint Tower, Inc. will build and lease towers for telecommunications and digital services providers in the Philippines, targeting to own and manage approximately 6,400 shared passive telecommunications towers nationwide by 2030,” it said.

It said the common tower project will create around 9,700 jobs.

BOI identified EdgePoint Tower’s project as a strategic investment as this is aligned with the medium-term Philippine Development Plan (PDP) of expanding and upgrading infrastructure that will improve telco services, increase connectivity, mobile network access, and internet penetration in unserved and underserved regions in the country.

The project also intends to utilize renewables to energize the telco infrastructure installations, BOI said.

“This is not the first telco project to be given the green lane endorsement. First was Phil Tower Consortium, Inc.,” the investment promotion agency said referring to the PHP52-billion built-to-suit common towers project. (PNA)