ADB com­mits $123.3m to im­prove Manila's wa­ter sup­ply

The Pak Banker - - FRONT PAGE -

The Asian De­vel­op­ment Bank (ADB) said on Mon­day it would lend $123.3 mil­lion to the Philip­pines to mod­ern­ize wa­ter sup­ply in the cap­i­tal, Manila, to re­duce the risk of short­ages as de­mand for wa­ter rises in the megac­ity.

The loan will al­low the Metropoli­tan Wa­ter­works and Sew­er­age Sys­tem, a govern­ment-owned com­pany sup­ply­ing raw wa­ter to Manila to build a fourth tun­nel, al­low­ing it to upgrade other ex­ist­ing tun­nels, the Manila-based len­der said in a state­ment.

"The An­gat trans­mis­sion sys­tem pro­vides more than 95 per­cent of Manila's wa­ter but its ex­ist­ing tun­nels are up to 75 years old and in poor con­di­tion, leav­ing the metropoli­tan area highly vul­ner­a­ble to se­ri­ous sup­ply dis­rup­tions," said Paul van Klav­eren, se­nior ur­ban de­vel­op­ment spe­cial­ist with ADB's South­east Asia Depart­ment.

The cap­i­tal is served by two pri­vate com­pa­nies hold­ing dis­tri­bu­tion con­ces­sions -Manila Wa­ter Co Inc and Maynila Wa­ter Ser­vices Inc owned by Metro Pa­cific In­vest­ments Corp, DMCI Hold­ings Inc and Marubeni Corp.

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