The Market Monitor Minding the Nation's Business
Maynilad Water will invest some P13.6 billion this year for its water and wastewater infrastructure projects.
“We start the year right by providing the necessary investments to continue meeting our service obligations and contributing to the job generation efforts of the government,” said the new Maynilad President and CEO Ramoncito S. Fernandez.
According to Maynilad, around P7.5 billion will be set aside for water infrastructure projects. While over P3.9 billion has been earmarked for operation support programs such as the construction, rehabilitation and upgrade of treatment plants, pumping stations and reservoirs, and the laying of primary pipelines for water service expansion.
Likewise, some P2 billion has been allotted for Maynilad’s Non-Revenue Water (NRW) reduction program, which covers meter management, leak repairs, pipe replacements, and District Metered Area management.
The West Zone concessionaire added that the rest of the budget will be spent for the modernization of data management and information systems, improvement of existing facilities, development of new water sources, and refurbishment of Common Purpose Facilities (CPF) in the Bicte Basins and Ipo Dam.
Meanwhile, around P6 billion of Maynilad’s capital investment will be spent for wastewater management projects. Of the said amount, some P4.6 billion will be used for the construction of Sewage Treatment Plants (STPs) in Central Manila and Cavite, as well as for the improvement of existing STPs in Quezon City and Central Manila.
Another P1.2 billion will be allotted for the construction of conveyance systems for these new STPs, and the development of sewerage systems in Quezon City and Valenzuela. The remaining budget allocation will go to automation of facilities, lot acquisitions, maintenance, and sanitation programs.
Funding for Maynilad’s infrastructure investments will come from local and international bank loans, as well as from internally generated funds. The water company expects to generate around 41,243 jobs from its P13.6 billion CAPEX program this year.