The consortium of Manila Water Company Inc., its wholly-owned unit Manila Water Philippine Ventures Inc. and Tubig Pilipinas Group Inc. on Wednesday said it received the notice of award to manage the water supply of the San Jose City Water District–Nueva Ecija.
The award involves the implementation of the joint venture project for the design, construction, improvement, upgrade, rehabilitation, maintenance, operation, financing, expansion and management of the water supply system and the provision of water and sanitation services of the SJCWD in the city of San Jose, Nueva Ecija province.
“Upon completion of the conditions precedent specified in the notice, the consortium and the SJCWD shall enter into a joint venture agreement that will grant the consortium... the sole right to develop, manage, operate, maintain, repair... and improve the facilities in the service area...,” Manila Water disclosed to the Philippine Stock Exchange Wednesday.
The project has an estimated capital expenditure program of over P1.399 billion over the 25-year contract period. It is estimated to have a billed volume of about 21 million liters per day by the 25th year.
Manila Water has been actively pursuing projects this year. It received notice of awards for a various project around the country in the last quarter.
The company through a joint venture also won a contract for the rehabilitation, expansion, and management of the water supply system of Lambunao Water District in Lambunao, Iloilo.
The joint venture activity 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.
Manila Water won the concession from the Calinog Water District, also in Iloilo. Aqua Centro will undertake the water project.
MWPV earlier signed and executed a joint venture agreement with Tubig Pilipinas.
Under the deal, MWPV and Tubig Pilipinas will incorporate a joint venture to operate and manage the water supply facilities in the municipality of Malasiqui, Pangasinan.