Connect with us

Hi, what are you looking for?


Manila Water plans P1.15-trillion investment until 2047

WATER SUPPLY company Manila Water Co., Inc. said it is investing P1.15 trillion between this year and 2047.

This commitment comes as the water supply company seeks approval for the extension of its revised concession agreement (RCA) with the Metropolitan Waterworks and Sewerage System (MWSS).

The east zone concessionaire said it applied for an RCA extension on Aug. 25, as indicated in the company’s position paper posted on its official website and accessed on Monday.

“The application seeks the extension of the expiration date of the RCA from July 31, 2037 to July 31, 2047, to coincide with the term of Manila Water’s 25-year legislative franchise,” the company said.

Specifically, Manila Water hopes to extend the RCA it signed with MWSS on March 31, 2021.

Republic Act No. 11601, which took effect on Jan. 25, 2022, granted Manila Water a legislative franchise for 25 years, extending until 2047.

The franchise provides the company with the privilege to establish, operate, and maintain a waterworks and sewerage system in the east zone service area of Metro Manila and Rizal province.

The company said that the application aligns with Section 5 of the law, which states: “When public interest for affordable water security so requires and upon the grantee’s application, MWSS shall be authorized to approve the amendment of the Concession Agreement to extend its term up to the franchise’s duration, following appropriate notice and hearing.”

In line with the extension application, Manila Water has committed to allocate P1.15 trillion for investments, primarily to ensure the continuous provision of water and wastewater services to its customers in the east zone. it noted.

Of the total, Manila Water plans to allocate P475 billion for the development and maintenance of water facilities from 2038 to 2047 out of the total expenditures.

It has also projected an additional capital expenditure (capex) amounting to P48.1 billion from 2038 to 2043 for the development of the water treatment plant for the Kangan-Agos project, with an estimated capex of P91.1 billion.

The proposed project, which will source water from the Kanan River, is expected to produce 3,000 million liters per day, divided between Manila Water and Maynilad Water Services, Inc.

“With 26 years of improving water and wastewater services, Manila Water is best positioned to continue to serve the East Zone for another 24 years,” the company said.

“Manila Water prays for the extension of the RCA to ensure sustainability of reliable service at an affordable cost,” it added.

At the same time, the company invited the public to submit comments on its proposed extension.

At the local bourse on Monday, shares of Manila Water went down by two centavos or 0.11% to close at P17.70 apiece.

The water concessionaire serves the east zone network of Metro Manila, covering parts of Marikina, Pasig, Makati, Taguig, Pateros, Mandaluyong, San Juan, portions of Quezon City and Manila, and several towns in Rizal province. — Sheldeen Joy Talavera

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



In a surprising turn of events, Dame Sharon White, the CEO of John Lewis, has announced her resignation from the company. After just three...


By Luisa Maria Jacinta C. Jocson, Reporter MANUFACTURING ACTIVITY in the Philippines expanded in September, driven by resilient domestic demand and growth in new...


THE NATIONAL GOVERNMENT’S (NG) outstanding debt reached a record P14.35 trillion as of end-August, mainly due to the peso depreciation against the US dollar,...


THE WORLD BANK expects the Philippines to be the fastest-growing economy in Southeast Asia this year, despite trimming its gross domestic product (GDP) growth...


FINANCIAL INTEGRATION in the Association of Southeast Asian Nations (ASEAN) region could boost economic growth in the Philippines by about 3.5 percentage points (ppts),...


THE Philippine Stock Exchange, Inc. (PSE) said the guidelines on short-selling transactions are to take effect immediately after securing approval from government regulators. In...

You May Also Like

Top News

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...


The Toto site’s user-friendly interface makes it easy for both beginners and experienced gamblers to navigate through the various features. “¸ÔÆ¢Æú¸®½º site is a...


Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...


JUNIOR FERREIRA-UNSPLASH The Philippines is a very small power market by ASEAN standards, with market demand peaking at 15 gigawatts (GW) compared to Thailand’s...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.