MPIC wa­ter unit inks sup­ply deal worth P12.35 B

The Philippine Star - - BUSINESS - By IRIS GONZALES

Metro Pa­cific Wa­ter (MPW), the wa­ter utility com­pany of Metro Pa­cific In­vest­ments Corp. (MPIC), has ex­panded in the city of Iloilo.

It signed a P12.35-bil­lion joint ven­ture project with the Metro Iloilo Wa­ter District (MIWD) for a 25-year con­ces­sion to re­ha­bil­i­tate, ex­pand and im­prove wa­ter dis­tri­bu­tion and waste­water man­age­ment in the city.

MPIC pres­i­dent Jose Ma. K Lim said the sign­ing of the agree­ment is a tes­ta­ment of the com­pany’s in­vest­ments in the area.

“As the coun­try’s lead­ing in­fra­struc­ture in­vest­ment com­pany, with in­ter­ests across sev­eral in­fra­struc­ture sec­tors, we bring with us ex­per­tise and in­no­va­tions in in­fra­struc­ture that will un­der­pin growth of the city’s econ­omy and im­pact the lives of mil­lions of peo­ple,” he said.

MPW is ex­pected to start up­grad­ing the ex­ist­ing fa­cil­i­ties of MIWD and build new in­fra­struc­ture to im­prove the ser­vices of the lo­cal wa­ter utility fol­low­ing the sign­ing of the agree­ment.

Sen. Franklin Drilon wel­comed the joint ven­ture project, say­ing the in­suf­fi­cient sup­ply and in­ef­fi­cient wa­ter de­liv­ery sys­tem has been a prob­lem for more than 840,000 res­i­dents of Iloilo City and the sur­round­ing mu­nic­i­pal­i­ties of Maasin, Sta. Bar­bara, Pavia, San Miguel, Oton and Le­ganes, which are the fran­chise ar­eas of MIWD.

“Only 30 per­cent of the 840,000 res­i­dents of these fran­chise ar­eas are be­ing served, that is why it is very crit­i­cal to pro­vide so­lu­tions to the prob­lem,” he said.

How­ever, Drilon ex­pressed hope that the joint ven­ture project would be the start of solv­ing these prob­lems given pro­jec­tions that the city’s de­mand for wa­ter would rise to al­most 94,000 cu­bic me­ters in four years.

Last year, MPW bagged the Pam­panga bulk wa­ter sup­ply project from the Of­fice of the Gov­er­nor of Pam­panga.

It also signed a joint ven­ture agree­ment with the Cagayan de Oro Wa­ter District (COWD) for the for­ma­tion of a joint ven­ture com­pany to un­der­take the sup­ply of bulk treated wa­ter to ad­dress the re­quire­ments of Cagayan de Oro City.

The CDO project will have a term of 30 years -- re­new­able for an­other 20 years--and in­volves the sup­ply of up to 100 mil­lion liters per day of treated bulk wa­ter to COWD.

It in­volves the con­struc­tion of new wa­ter trans­mis­sion lines and the re­ha­bil­i­ta­tion of the Ca­ma­man-an reser­voir and will also even­tu­ally in­volve the de­liv­ery of bulk treated wa­ter to ser­vice the re­quire­ments of CDO’s west­ern sec­tor, which cur­rently re­lies on deep wells for its wa­ter sup­ply.

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