Quantcast
Latest Stories

Manila Water seeks new concession deals

By

Ayala-led Manila Water Co. Inc. is eyeing 15 metropolitan areas where it may either invest in, develop and operate water supply systems or enter into concession agreements with state-run water districts.

In a briefing Monday, Manila Water president Gerardo C. Ablaza Jr. said the company’s first priority was to improve the water network in the Philippines, which was why the company had been looking for new areas—with populations of at least half a million— where it may be able to make a proposal.

“In terms of prioritization, the desire is that we see more opportunities in the Philippines before going abroad. After all, there are still many areas outside Metro Manila that don’t get the kind of reliable, consistent, quality water that we experience here in the East Zone of Metro Manila,” Ablaza explained.

As for developing new water sources for Metro Manila, the company is still awaiting the final final outcome of the study being undertaken by the Metropolitan Waterworks and Sewerage System, according to Ablaza.

“That has not been finalized but yes, the Kaliwa and Kanan Rivers, which are typically in the system generally referred to as Laiban, is part of the options that we are looking at. We expect to hear from [MWSS] very shortly what the masterplan will be in the next 10 to 15 years,” he added.

To further improve its services within Metro Manila, the East Zone concessionaire has earmarked P10 billion to P12 billion, which will be used for the construction of waste water treatment facilities and for the expansion of its network to new areas for water supply.

In a separate disclosure to the Philippine Stock Exchange yesterday, Manila Water said it was authorized by its board of directors to maintain a P7-billion appropriation from its retained earnings for the purpose of financing the capital expenditure requirements of its projects.

Meanwhile, two units under Manila Water are planning to invest as much as P6.5 billion over the next four years to improve water services in Boracay and Laguna.

Laguna Water Co., the joint venture of the Province of Laguna and Manila Water, is looking to allocate P4 billion to expand its water services to unserved areas within its concession area, which include Sta. Rosa, Biñan and Cabuyao, said company general manager Melvin Tan.

The goal, according to Tan, is to be able to serve approximately 80 percent of its concession area by 2016.

Boracay Water Co. Inc., which distributes water to Boracay Island, will meanwhile spend as much as P2.5 billion over the next four years, according to company general manager Bernardo C. Mañosca.

Mañosca said the amount will be used to ensure 100-percent distribution coverage for Boracay Island by yearend from the current 98 percent, and to increase wastewater treatment coverage to 75 percent by 2016 from the current 31 percent.


Follow Us


Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , Manila Water , water supply systems



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement

News

  • Obama due in Seoul as North Korea nuclear test fears grow
  • Hold departure order out vs Corona, Singson
  • Malaysia to release MH370 report–PM
  • Man found dead in Quezon City, alleged victim of summary execution–report
  • Aquino to lead Air Force turnover rites
  • Sports

  • Michael Phelps loses to Lochte in comeback meet
  • Sharapova advances to Stuttgart quarterfinals
  • Galedo caps ride of redemption
  • Beermen, Express dispute second semis slot today
  • Lady Agilas upset Lady Bulldogs in four sets
  • Lifestyle

  • ‘Recovered’ Banksy works on display ahead of sale
  • Marinduque: Visiting the ‘palm of the ocean’
  • First at Vatican in 60 years
  • How Jing Monis Salon gave Krissy the pixie
  • Want to be a supermodel? Work on your inner beauty, says Joey Espino
  • Entertainment

  • Paul McCartney to play at Candlestick concert
  • Kristoffer Martin: from thug to gay teen
  • Has Ai Ai fallen deeply with ‘sireno?’
  • California court won’t review Jackson doctor case
  • Cris Villonco on play adapted from different medium
  • Business

  • PAL hailed for ban on shark fin cargo
  • BSP to change tint of P100 bill
  • Nielsen sees car buying boom in the Philippines
  • How author of best-seller exposed ‘one percent’ economic elite
  • Bangko Sentral readies new bank lending rules
  • Technology

  • Cloud strength helps Microsoft earnings top Street
  • Vatican announces hashtag for April 27 canonizations
  • Enrile in Masters of the Universe, Lord of the Rings?
  • Top Traits of Digital Marketers
  • No truth to viral no-visa ‘chronicles’
  • Opinion

  • Editorial Cartoon, April 25, 2014
  • No deal, Janet
  • Like making Al Capone a witness vs his gang
  • MERS-CoV and mothers
  • A graduation story
  • Global Nation

  • China welcomes PH apology
  • Only 4 Etihad passengers not accounted for
  • Abandoned in Malta,15 PH seamen return
  • Senator hopes PH will also get same vow
  • HK victims to get P115M; traders raised money
  • Marketplace