Ayala water unit inks deal with Leyte Water District
Manila Water Co. Inc. has been awarded the contract to develop, operate and expand the water supply and sanitation facilities of the Leyte Metropolitan Water District (LMWD).
Under the contract, a special purpose vehicle shall be formed to implement the joint venture.
The SPV and LMWD shall enter into a joint venture agreement that will grant the SPV the sole and exclusive right to manage the facilities at LMWD’s service area, including the right to bill and collect tariff for the provision of water sanitation services.
LMWD?s service area covers Tacloban City and seven other municipalities namely, Palo, Tanauan, Dagami, Tolosa, Pastrana, TabonTabon, Santa Fe, all in the province of Leyte, with a total estimated population of 483,000.
As of the end of 2016, LMWD served over 31,000 water service connections with a billed volume of 27 million liters per day.
Manila Water’s proposal includes the development of interim and long term sources, expansion of distribution network, reduction of non-revenue water and development of sanitation services.