Manila Water Co. has spent a total of P43.56 billion to build wastewater facilities in the east zone since it took over the concession area in 1997.
In a report to the Philippine Stock Exchange, MWC said this capital spending was more than the P40.65 billion it collected from sewer and environmental charges.
MWC said it would invest over P38 billion or close to P13 billion annually until the end of its 25-year contract in 2022 for wastewater facilities.
“These investments are part of the government-approved service improvement plan to further expand sewerage and sanitation services in the East Zone,” said MWC.
“To date, sewer coverage is at more than 30 percent, serving close to 2 million in population coming from only approximately 45,000 in when the concession began in 1997,” it added.
President Rodrigo Duterte had earlier threatened to charge MWC and Maynilad Water Services of plunder for building zero wastewater facilities despite collecting “trillions” in environmental charges in the monthly bills of its millions of its customers. Duterte blamed the lack of wastewater facilities on why Manila Bay has become a cesspool.
In late 2019, the Supreme Court ordered MWC and Maynilad Water to pay more than P921 million in fines for non-compliance with the Clean Water Act. MWC filed an appeal to reverse the fine.