MANILA WATER Co., Inc. said on Thursday that it had received the notice of award from the Calbayog City Water District (CCWD) to manage the area’s water and wastewater systems under a 25-year contract.
In a disclosure to the stock exchange, the Ayala-led company said the project is through a joint venture with the water district and will cover “the design, construction, rehabilitation, maintenance, operation, financing, expansion, and management of the water and wastewater systems” of the city.
The company said upon completion of the conditions precedent specified in the notice, it would enter into a joint venture agreement with the CCWD to implement the project, which has an estimated capital expenditure of P1.165 billion during the contract period.
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I hope that this means soon we will start having decent water pressure during the day and not so many water outages.