The Department of Finance (DoF) said the Fiscal Incentives Review Board (FIRB) has granted tax incentives for three projects worth P29.4 billion.

In a statement on Tuesday, the agency said the FIRB approved during its third meeting last August 2 the tax incentives for a mass housing project in Iloilo province with an estimated project cost of P1.4 billion; a proposed cement plant in Porac, Pampanga, with an estimated project cost of P3.1 billion; and another cement plant in Calatagan, Batangas, with an estimated project cost of P24.9 billion.