MANILA -- Ayala-led Manila Water Company Inc. won an 18-year contract for the development of a PHP173-million water supply project in Pagsanjan, Laguna.
In a disclosure to the Philippine Stock Exchange, the water utility said it received Thursday the notice of award from the Pagsanjan Water District for the implementation of the joint venture project.
The project involves the design, construction, expansion, rehabilitation, and financing of water supply and sanitation facilities in the service area of the Pagsanjan Water District.
It also covers the management, operation, and maintenance of such water supply and sanitation facilities, and the provision of needed services.
“Upon completion of the conditions precedent specified in the notice, Laguna Water and the Pagsanjan Water District shall enter into a joint venture agreement for the implementation of the project…,” said Manila Water.
Laguna AAAWater Corporation (Laguna Water) is a subsidiary of Manila Water Philippine Ventures, Inc., a wholly-owned subsidiary of Manila Water.
The project is estimated to deliver a potential billed volume of 9.57 million liters per day, it added. (PNA)
