Investor Relations News
Related Links
Related Articles
Posted: Wednesday December 12, 2007
The MWSS and the local government of Bulacan signed a memorandum of agreement that will pave the way for the development of the Bulacan Bulk Water Supply Project and the long-awaited extension of water service to Bulacan.
MWSS Administrator Lorenzo H. Jamora said, “The MWSS appreciates the efforts of the province of Bulacan in accepting our packaged offer, the Bulacan Bulk Water Supply Project.
Considering Bulacan’s twin problems on dwindling supply and water quality due to over abstraction ground water, the project is very timely and the need to finish the project on time is vital.”
The Angat River in Bulacan has been the source of water supply for Metro Manila and it is only now that residents can directly benefit from resource. With the signing of the MOA, financial assistance will also be provided via an infrastructure fund, annual development assistance and annual fee for use of water rights.
“The Water Districts shall remain as the retailers of the bulk water deliveries and grants and loan facilities will be made available to them to ensure the readiness of their network once the water from Angat starts flowing to Bulacan, “ Jamora said.
Jamora also said that the project, with a total cost of P11 Billion, is the biggest water infrastructure project to happen in Bulacan and because of the huge investment, we anticipate that more jobs will be generated and economic and business activities will increase.
The project will be implemented into three phases. The first phase which will initially cover 10 towns will be finished by 2010, the second phase which will cover another 5 towns will be finished in 2012 while the 3rd phase which will last until 2017 will cover the remaining towns.