Maynilad sets P9B capital spending
Maynilad Water Services Inc., a unit of Metro Pacific Investments Corp., is spending P9 billion this year for the continued expansion of its water and wastewater infrastructure projects.
Bulk of the programmed capital budget or P6.5 billion will go to infrastructure projects, P2.6 billion of which has been allotted for water sources, operations support, and service expansion programs and the rehabilitation of water network facilities and construction of pumping stations, and reservoirs for better supply and pressure management.
About P3.9 billion will be spent on Maynilad?s water loss recovery or non-revenue water (NRW) management program, which covers meter management, leak detection and repair, pipe replacements, and district metered area.
The utility firm has earmarked P1.7 billion for wastewater management projects to improve sewerage coverage and maintain network reliability
?Our record investments have contributed significantly to the government?s job generation efforts while also improving water services for our over 9 million customers. We will continue on this track so we can sustain service level improvements in the West Zone,? said Ramoncito S. Fernandez, president and CEO of Maynilad.
Maynilad?s franchise area includes Mandaluyong, Marikina, Pasig, Pateros, San Juan, Taguig, Makati, and parts of Quezon City and Manila. It also services Antipolo City and the Rizal towns of Angono, Baras, Binagonan, Cainta, Cardona, Jala-Jala, Morong, Pililla, Rodriquez, Tanay, Taytay, and San Mateo.