Maynilad allots P13.2B for projects this year

MANILA, Philippines – West Zone concessionaire Maynilad Water Services Inc. is spending P13.2 billion for its water and wastewater infrastructure projects this year.

Bulk or about P8.2 billion of this year’s capital expenditures will go to water infrastructure projects to ensure sufficient water supply and pressure in the West Zone.

Nearly P4.2 billion has been set aside for improvement works in its water treatment plants, construction and upgrade of pumping stations and reservoirs, laying of primary pipelines for water service expansion, and enhancements of common purpose facilities.

Some P4 billion will be allocated for Maynilad’s Non-Revenue Water (NRW) reduction program, which covers meter management, leak repairs, pipe replacements, and District Metered Area management.

The rest of the budget will be spent for the modernization of data management and information systems and maintenance and improvement of existing facilities, among others.

Funding will come from a combination of bank loans and internally generated funds. The water company expects to create around 40,549 jobs from its projects this year.

“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 nine  million customers,” Maynilad president and CEO Ramoncito Fernandez said.