Bilyonaryo Lucio Tan’s MacroAsia Corp. has entered into an agreement with Pro-Friends to provide water to residents of Lancaster New City (LNC) in Cavite.
The joint venture deal forged by MacroAsia’s wholly owned subsidiary Naic Water Supply Corp. with Pro-Friends’ parent company Maplecrest Group Inc.
is seen to assure the sustainable supply of water in the existing communities in Lancaster New City.
These include Bellefort Estates and Carmona Estates as well as ongoing and future projects of Pro-Friends.
Pro-Friends has built over 57,000 houses for Filipino families.
LNC, which spans the towns of Kawit, Imus, and General Trias, now has close to 20,000 house and lot units built and delivered.
Other projects are Bellefort Estates in Bacoor, Cavite; Carmona Estates in Carmona, Cavite; Micara Estates in Tanza, Cavite; and Monticello Villas in Pavia, Iloilo.
MacroAsia ventured into the water resource development and distribution in 2016 and currently owns various water subsidiaries which operates in the provinces including Nueva Vizcaya, Cavite, Bulacan, Albay and in the island paradise of Boracay in Aklan.
MacroAsia recently completed the construction and installation of its Maragondon plant for its bulk water project in Cavite which is currently under commissioning stage.
The company is also pursuing various water projects in Cebu, Iloilo and in Talim island in Rizal.