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Friday, March 29, 2024

DMCI felt duped of P250,000

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DMCI Holdings Inc., a major shareholder of Maynilad Water Services Inc., has another reason to dislike state-run Metropolitan Waterworks and Sewerage System, which refuses to implement a decision by the international appeals panel handling the arbitration proceedings to hike water rates in the west zone.

An official of DMCI could not believe why MWSS allowed the company to purchase bid documents worth P250,000 for the P18.72-billion New Centennial Water Source or the Kaliwa Dam, only to be told later that DMCI could not join the bidding.

The P250,000 fee for the bid documents is non-refundable. The bidding rules prohibit existing water concessionaires to bid for the Kaliwa Dam project. As DMCI is one of the shareholders of Maynilad, the company is apparently barred from bidding for the project.

“They [MWSS] should not have allowed us to buy the bid documents in the first place, knowing we are disqualified from bidding,” a DMCI official said.

MWSS recently announced plans to re-bid Kaliwa Dam, after the three companies that previously submitted pre-qualification documents were disqualified. 

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