Manila Water will spend P115 billion more to complete its sewerage program by 2037. To date, Manila Water operates 38 STPs and 2 septage treatment plants with a total capacity of 310 MLD. "Since 1997 when we took over the East Zone, we have spent P38.5 billion on our wastewater programs from collections of only P36.9 billion. So, we have excess investments of P1.6 billion and we expect this trend to continue," said Manila Water Chief Operating Officer Abelardo P. Basilio.
Manila Water Company, Inc. (“Manila Water”) signed a EUR250 Million, 7-year term loan facility with Bank of China (Hong Kong) Limited and Bank of China Limited, Manila Branch. The loan is the first EUR-denominated commercial loan of the company and will be used to finance the company’s capital expenditure program in Metro Manila’s East Zone for 2019-2020.
Manila Water earnings for the first half of 2019 stood at ₱2.9 billion, 18 percent lower than the previous year. This decline is still driven by the impact of the water supply shortage which hit its Manila Concession business early this year. Outside the East Zone, domestic business operations saw higher earnings contribution while foreign operations held steady. On the other hand, new business developments continue to provide market expansion and new sector opportunities.
Manila Water has not received an official copy of the Supreme Court decision to-date. We are prepared to exercise all our legal options, including filing for a Motion for Reconsideration, within the prescribed time mandated by the law on receipt of the said order. As part of the mandate of Manila Water as a Concessionaire, we have invested more than P33 billion for the past 21 years and will continue to invest P38.4 billion more until 2022 as part of the government-approved business plan to further improve sewerage and sanitation services in the East Zone.
Manila Water Philippine Ventures unit, Bulacan Aqua Estates, recently inaugurated an innovative treatment facility that will deliver as much as one million liters of clean, potable water per day—the Nanofiltration - Reverse Osmosis Hybrid Water Treatment Plant.