Manila Water Co. Inc. said it was awarded the water supply project in Calinog, Iloilo.
Manila Water said in a disclosure to the stock exchange it received a notice of award from the Calinog Water District for a joint venture for the design, construction, rehabilitation, maintenance, operation, financing, expansion and management of the water supply system of the CWD in Calinog, Iloilo.
Upon completion of conditions precedent specified in the notice of award, Manila Water and the CWD will sign a joint venture agreement.
The implementation of the joint venture agreement will be undertaken by Aqua Centro MWPV Corp., a wholly-owned subsidiary of Manila Water through Manila Water Philippine Ventures Inc.
MWPV is a wholly-owned subsidiary of Manila Water. MWPV posted a 5-percent revenue growth in the first nine months to P2.38 billion, supported by a steady topline in its esubsidiaries.
Companies currently under MWPV are 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.