Maynilad to invest P17-B in wastewater facilites
MANILA, Philippines - Maynilad Water Services Inc. said on Sunday, January 20, it will spend P17.2 billion for waste and wastewater projects, its largest annual capital investment since it was privatized in 1997.
Now that the company has improved and expanded its water services in the west zone of Metro Manila, its President and CEO Ricky Vargas said the company will focus on accelerating its sewerage and septage coverage.
Maynilad will spend P9.303 billion of the P17.2 billion for the construction of sewage treatment plants and conveyance systems for west zone areas such as Valenzuela, Pasay and Muntinlupa.
Around P3.76 billion will go to the laying of pipelines and construction of new pumping stations and reservoirs that will provide potable water supply in unserved portions of North Caloocan, Valenzuela and Novaliches in Quezon City; Parañaque; Las Piñas; Muntinlupa; and Imus, Kawit, Bacoor and Cavite City in Cavite province.
Maynilad alloted P2.134 billion for its non-revenue water reduction program, which covers meter and pressure management, active leakage control, primary line assessment, selective pipe replacement and district metered area management.
Some P960 million will go to water source development, while P384 million will be spent to upgrade pumping stations and reservoirs.
The rest of the funds will go to infrastructure development and will be used to build other facilities for operations. - Rappler.com