Manila Water bags P1.5-B project in Batangas
Ayala-led Manila Water Co. Inc. has secured a P1.5 billion contract to manage the bulk water supply and wastewater services in Tanauan City in Batangas.
In a regulatory filing, Manila Water said it signed a joint venture agreement with the Tanauan Water District to implement a project that would improve the provision of water supply and sanitation services in the area.
It was in October 2018 when Manila Water received the notice of award from TWD for the implementation of water supply system and sanitation facilities.
The 25-year deal involves the design, construction, rehabilitation, maintenance, and operation of the water supply and sanitation facilities and services of the water district.
Manila Water said the partnership aims to assist the water district in increasing service coverage by delivering as much as 27.5 million liters of water per day by year 2043 to the 48 barangays it serves.
TWD said with the developments in the city, coupled with the growing requirements for reliable water supply and sanitation services, it sees the need to acquire reliable skills and competencies, as well as sufficient capitalization.
Manila Water, through its subsidiary Manila Water Philippine Ventures, continues to expand its reach outside the east zone particularly in Bulacan, Pampanga, Pangasinan, Laguna, Cebu, Boracay, Davao, and Zamboanga.
Manila Water covers the east zone which encompasses parts of Makati, Mandaluyong, Pasig, Pateros, San Juan, Taguig, Marikina, most parts of Quezon City, portions of Manila, as well as several towns in Rizal.
The company operates three other subsidiaries – Laguna AAA Water Corp., Boracay Island Water and Clark Water Corp.