Samar News.com Mobile Website

Manila Water bags Calbayog deal

Press Release
December 27, 2018

QUEZON CITY – Ayala-led Manila Water Co., Inc. has been awarded the contract to provide water and wastewater services in Calbayog City.

In a regulatory filing early today, Manila Water disclosed that it had received the Notice of Award from the Calbayog City Water District (CCWD) for the implementation of an integrated water supply and sanitation project, to be carried out under a joint venture framework.

The contract covers the design, construction, rehabilitation, operation, maintenance, financing, expansion, and management of water and wastewater systems in the city of Calbayog, as well as other areas which may eventually form part of the service coverage of CCWD in the Province of Samar.

Manila Water intends to form a Special Purpose Vehicle (SPV) with its local partner, TubigPilipinas Group, Inc., to implement the project with an estimated CAPEX of P1.2B under a contractual joint venture with CCWD.

The joint venture agreement will grant the SPV the exclusive right to manage, operate, maintain, repair, refurbish and improve, expand and as appropriate, decommission, the facilities of CCWD. The SPV shall also be given the right to bill and collect tariff for the provision of water supply and sanitation services in the service area.

Calbayog City serves as the commercial and industrial center of the province of Western Samar. It has a total estimated population of 194,000. As of 2017, CCWD has 13,097 water service connections, with a service coverage of only 32% and an effective water tariff of P39.4/cum. The project has a potential billed volume of about 30 million liters per day.

More News:
Soldier pays the ultimate sacrifice to protect the community
EV registers 96.1% employment rate in October 2018
Innocent mother and son, and four soldiers blast with anti-personnel mine by CNTs
Paving the way to effective risk financing solutions
Local steel company to construct P500M plant in Batangas
© Copyright 2013-2018 Samar News.com Mobile