Manila Water Co. Inc. said it bagged the P1.5-billion 25-year water project in Tanauan City, Batangas.
Manila Water said in a disclosure to the stock exchange wholly-owned subsidiary Manila Water Philippine Ventures Inc. received the notice of award from the Tanauan Water District for the implementation of the joint venture project.
It involves the design, improvement, upgrade, rehabilitation, and expansion of water supply and sanitation facilities in Tanauan.
MWPV expects to deliver a potential billed volume of 13.18 million liters per day to TWD which currently serves 48 barangays in Tanauan City.
Under the contract, MMPV will handle the financing and construction of such facilities and infrastructure in the service area of the TWD, and the management, operation and maintenance of water supply and sanitation facilities and the provision of the services necessary or incidental in the TWD’s service area.
MWPV was formed as Manila Water’s vehicle for expansion within the Philippines, with a focus on geographic expansion.
MWPV was recently granted a 25-year franchise to provide water and sanitation services in Sta. Barbara, Pangasinan. It also received a notice of award from the Pagsanjan Water District for a joint venture in water supply and sanitation services provision.
MWPV said it was also working on the submission of a bid proposal for New Clark City, a water and used water concession project of the Bases Conversion and Development Authority.
The project will have a concession period of 30 years, with an estimated capital spending of P10 billion.
MWPV’s projects include those with LagunaAAA Water Corp., Boracay Island Water Co., Clark Water Corp., Manila Water Consortium Inc. and Estate Water, an operating division under MWPV which operates and manages the water systems of townships developed by Ayala Land Inc.
Aside from local expansion, Manila Water is also expanding across Southeast Asia with several projects in Vietnam and Thailand.
Manila Water reported in August that it had several overseas projects in the pipeline. For Indonesia, the water utility firm submitted a bid for the West Semarang Water Supply project – a water supply PPP with a 25-year contract period and estimated capital spending of $34 million.
It is also eyeing the Sembayat Gresik Water Supply BOT in Indonesia, with a similar 25-year contract and capital spending of $56 million.
Manila Water said it was also invited to participate in the Weliwita Bulk Water project in Sri Lanka, with a 30-year contract and estimated capital spending of $133 million.
