West Zone concessionaire Maynilad Water Services Inc. said Monday it is earmarking over P9 billion in capital expenditures this year for water and wastewater infrastructure projects.
“Our record investments have contributed significantly to the government’s job generation efforts while also improving water services for our over 9 million customers. We will continue on this track so we can sustain service level improvements in the West Zone,” Maynilad president and chief executive Ramoncito Fernandez said.
Maynilad will allot P6.5 billion of the amount to Maynilad’s water infrastructure projects to enhance supply and pressure in the West Zone.
Around P2.6 billion of the P6.5 billion budget allocation has been allotted for water sources, operations support and service expansion programs, which include the rehabilitation of water network facilities, upgrade and construction of pumping stations and reservoirs for better supply and pressure management, and installation of new primary, secondary and tertiary pipelines.
Maynilad will use the balance of P3.9 billion for water loss recovery or non-revenue water program that covers meter management, leak detection and repair, pipe replacements and district metered area management.
About P1.7 billion of Maynilad’s P9-billion capex budget for 2018 will be spent for wastewater management projects to increase sewerage coverage and maintain network reliability.
The amount will be used for the construction of a sewer network for the sewage treatment plants in Las Piñas and Muntinlupa, installation of new sewer service connections, and maintenance of the existing sewer network.
The rest of the budget will go to the company’s customer service and information program, which covers the modernization of data management and information systems that will help to improve service delivery.
Funding for Maynilad’s infrastructure investments will come from local and international bank loans, as well as from internally generated funds. The water company expects to generate over 26,000 jobs from its P9-billion capex program this year.
