Pursuant to Section 14 of Republic Act No. 11601, Manila Water Company, Inc. has submitted on March 21, 2022 its notices of acceptance of its 25-year legislative franchise to the Committee on Legislative Franchises of the House of Representatives and the Senate Committee on Public Services.

Manila Water marked another milestone as it finished 2021 with 13.7B Php in capital expenditures (CapEx), beating the 10.7B Php record in 2020 despite the continued challenges posed by the COVID-19 pandemic. This is the highest CapEx record since the privatization of water service in the East Zone in 1997. Major components of the investment are the construction of new facilities and networks to expand service coverage, rehabilitation and improvement on existing assets and facilities for both water and wastewater, compliance projects relating to biological nutrient removal (BNR) for wastewater facilities, and the implementation of interim water source projects.

Manila Water Philippine Ventures takes 100 percent ownership of Davao Del Norte Water Infrastructure Company, Inc.  (Davao Water) after the acquisition of all shares of iWater Inc.

Boracay Water, a public-private partnership between the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) and Manila Water’s fully owned subsidiary, Manila Water Philippine Ventures, recently marked twelve years of providing reliable water supply and wastewater services to the country’s top tourist destination after investing more than PhP 4.32 billion in various infrastructure facilities.

Manila Water posted consolidated earnings of ₱3.7 billion for 2021, 18% lower than the previous year as the full-year effect of the COVID-19 pandemic impacted customer demand and business operations, even as domestic and international operations outside the East Zone Concession showed improved performance. Despite the challenges, including an ongoing tariff freeze, the Company pushed through with its projects to ensure prudent compliance to regulatory and service commitments, with group CAPEX at nearly ₱17 billion for the year.