Business World

Razon offers to build new dam as taps run dry

-

TYCOON Enrique Razon is pushing to build a new dam east of the capital to prevent another water shortage hitting thousands of people in Metro Manila as the dry season begins.

Wawa Dam in Rizal province can be the nearest major source of bulk water and provide 80 million liters per day by 2021 and 540 million liters daily by 2024, Mr. Razon said in a mobile-phone message. The billionair­e said his group can start building the dam by the end of 2019 after signing a supply agreement with Manila Water Co. Inc. and securing environmen­t and other permits.

“Our water project is obviously badly needed,” Mr. Razon said. “But it’s not an immediate fix and is for the mediumto-long-term or this will be a recurring problem.” The water regulator supports the project, Mr. Razon said. President Rodrigo Duterte has tapped $211 million in Chinese loans for a dam south of Manila as another water source.

Residents in the Philippine capital have been queuing for water rations for more than a week, armed with pails and basins while fire trucks are deployed to provide water to hospitals and schools. Some people who live in condominiu­ms have resorted to fetching water from swimming pools, according to Twitter posts. More than 50,000 households are affected, said Manila Water, which services half the capital region that’s suffering from water shortage. —

Newspapers in English

Newspapers from Philippines