Philippine Daily Inquirer - - NEWS -

Stress­ing that pro­vid­ing sus­tain­able wa­ter and ef­fi­cient ser­vices to Metro Manila res­i­dents is a shared re­spon­si­bil­ity among stake­hold­ers, Metropoli­tan Water­works and Sew­er­age Sys­tem (MWSS) ad­min­is­tra­tor Rey­naldo Ve­lasco cited Maynilad Wa­ter Ser­vices Inc. for its re­mark­able turn­around af­ter 10 years of repri­va­ti­za­tion.

Cit­ing a re­port from Maynilad pres­i­dent Ra­moncito Fer­nan­dez at the 1st Korea Wa­ter In­ter­na­tional Wa­ter Week, the MWSS chief said the over­all ser­vice and ef­fi­ciency lev­els of Maynilad had dra­mat­i­cally im­proved.

“Our cus­tomer base grew by 94 per­cent from about 678,000 in 2006 to over 1.3 million in 2016, cov­er­ing 94 per­cent of our ser­vice area,” Fer­nan­dez said.

“From 32 per­cent, our cus­tomers with 24-hour wa­ter sup­ply in­creased to 98 per­cent. Those who re­ceive their sup­ply at an av­er­age pres­sure of 7 psi (pounds per square inch) also in­creased from 45 per­cent to 100 per­cent. We have also brought down our av­er­age NRW (non­rev­enue wa­ter) level from 68 per­cent in 2006 to 29.9 per­cent by the end of last year,” he said.

Fer­nan­dez said man­ag­ing the West con­ces­sion in Metro Manila had been a chal­lenge, no­tably from 1997 to 2006 when Maynilad was in bad shape.

When the con­ces­sion was repri­va­tized in 2007, the new Maynilad own­ers faced the task of re­viv­ing a fi­nan­cially crip­pled com­pany.

“That was 10 years ago. Since then, Maynilad was able to swiftly get out of re­ha­bil­i­ta­tion and im­ple­ment a mas­sive capex pro­gram of P65.2 bil­lion, or ap­prox­i­mately $1.5 bil­lion, at his­tor­i­cal ex­change rates,” Fer­nan­dez noted.

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