Maynilad to invest P17B for projects this year-A A +A
Sunday, January 20, 2013
CONCESSIONAIRE Maynilad Water Services, Inc. (Maynilad) is set to invest P17.2 billion this year for its water and wastewater projects, which is more than double its capital expenditure in 2012, an official said Sunday.
This will be Maynilad’s biggest annual capital investment since it was privatized in 1997, said Maynilad president and chief executive officer Ricky Vargas.
Maynilad’s infrastructure budget will be funded by internally generated funds and the recently secured loan from the World Bank, he said.
Around P9.303 billion of the P17.2 billion capital investment will go to the construction of wastewater facilities in several areas of the West Zone, such as Sewage Treatment Plants and conveyance systems for Valenzuela, Pasay and Muntinlupa.
Some P3.762 billion will be spent to lay new infrastructure (pipelines, 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, Imus, Kawit, Bacoor, and Cavite City.
Meanwhile, P2.134 billion has been allotted for Maynilad’s Non-Revenue Water (NRW) reduction program, which covers meter and pressure management, active leakage control, primary line assessment, selective pipe replacement, and District Metered Area management.
Key company facilities such as pumping stations and reservoirs will be upgraded using a budget of P384 million, while P960 million will go to water source development. The rest of the 2013 infrastructure budget will go to other initiatives such as the building of other facilities for operations support programs.
“The previous years have been about water service transformation. Now that we have improved and expanded our water services in the West Zone, our next challenge is to accelerate our sewerage and septage coverage. This will require a lot of resources but we are committed to doing our part in protecting the health of our customers and the environment,” Vargas said.
Maynilad is the largest private water concessionaire in the Philippines in terms of customer base.
It is a concessionaire of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (all but portions of San Andres and Sta. Ana), Quezon City (west of San Juan River, West Avenue, EDSA, Congressional, Mindanao Avenue, the northern part starting from the Districts of the Holy Spirit and Batasan Hills), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; Cavite City, and the towns of Bacoor, Imus, Kawit, Noveleta and Rosario, all in Cavite province. (SDR/Sunnex)