Tuesday, October 23, 2018
Close  
  • share this

Lopez company eyes P24.4-B Bulacan water project

/ 05:00 AM September 05, 2014

First Philippine Holdings Corp. of the Lopez group has obtained the approval of its board to join a consortium that will participate in the bid for the P24.4-billion Bulacan bulk water supply project.

The project will be auctioned off by the Metropolitan Waterworks and Sewerage System (MWSS) under the public-private partnership (PPP) framework.

ADVERTISEMENT

The project “is subject to the finalization of definitive agreements with its potential partner(s), the conduct of due diligence and compliance with the bidding requirements, among others,” according to a disclosure the company Thursday filed with the Philippine Stock Exchange.

The Lopez group’s construction and engineering arm First Balfour Inc. was among the 15 prospective bidders that earlier bought prequalification documents from the MWSS.

FEATURED STORIES

Other parties were Manila Water Co. Inc., Marubeni Corp. of Japan, Filinvest Development Corp., Abengoa of Spain, Megawide Construction Corp., San Miguel Holdings Corp., Maynilad Water Services, Inc., Prime Water Infrastructure Corp., Korea Water Resources Corp or K-Water, Aboitiz Equity Ventures, Datem Water, Inc., Sojitz Corp., New San Jose Builders, Inc. and Acciona Agua of Spain.

The bulk water project aims to address the water supply requirements of municipalities in the province of Bulacan, thereby reducing groundwater extraction and use of deep wells, which are being discouraged due to adverse environmental impact.

Once the project is completed, treated bulk water will be supplied to water districts throughout Bulacan province.

The project is offered under a competitive public bidding using performance, or output-based, approach in accordance with Republic Act No. 7718, also known as the Revised Build-Operate-and-Transfer (BOT) law.

FPH is into power generation, manufacturing operations and real estate development.

ADVERTISEMENT
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: ‎ First Philippine Holdings Corp., Bulacan, Bulacan watetr project, Business, Lopez, MWSS, Water Supply
For feedback, complaints, or inquiries, contact us.
newsinfo

Bomb found at NY home of billionaire Soros

October 24, 2018 06:56 AM

technology

Facebook simplifies Messenger app

October 24, 2018 06:49 AM

newsinfo

Turkey details Khashoggi murder

October 24, 2018 06:43 AM

newsinfo

Trillanes told: It’s not over

October 24, 2018 05:37 AM



© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.