MVP Group quenches thirst for growth, allots P13.2B for continued expansion
Maynilad Water Services Inc., the utility firm controlled by conglomerate Metro Pacific Investments Corp., has earmarked P13.2 billion this year for water and wastewater infrastructure projects.
About P8.2 billion will be channeled to water sources and operations support programs to improve supply and pressure in the West Zone, which covers the areas of Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, Malabon, and certain portions of Manila, Quezon City, Makati and Cavite.
Another P4.2 billion will be spent on Maynilad’s non-revenue water reduction program, which includes meter management, leak repairs, pipe replacements, and district metered area management.
“Despite the delayed implementation of our Arbitral Award, we will pursue our investment plans for the West Zone because we have an obligation to provide good water and wastewater services to our over 9 million customers,” Maynilad president and CEO Ramoncito Fernandez said in a statement.