December 28, 2018 - MWC forms P1.2-B JV for Calbayog water supply
Ayala-led Manila Water Company, Inc. is now forming a joint venture (JV) company in Western Samar after being awarded the contract to provide water and wastewater services in Calbayog City.
MWC logo (Photo courtesy of www.manilawater.com/)
Calbayog City serves as the commercial and industrial center of the province of Western Samar. It has a total estimated population of 194,000.
Manila Water said in a statement that it had already received the Notice of Award from the Calbayog City Water District (CCWD) for the implementation of an integrated water supply and sanitation project, to be carried out under a joint venture framework.
The contract covers the design, construction, rehabilitation, operation, maintenance, financing, expansion, and management of water and wastewater systems in the city of Calbayog, as well as other areas which may eventually form part of the service coverage of CCWD in the Province of Samar.
Manila Water now intends to form a Special Purpose Vehicle (SPV) with its local partner, Tubig Pilipinas Group, Inc., to implement the project with an estimated capital expenditure of P1.2 billion under a contractual joint venture with CCWD.
As of 2017, CCWD has 13,097 water service connections, with a service coverage of only 32 percent and an effective water tariff of P39.4 per cubic meter. The project has a potential billed volume of about 30 million liters per day.
The joint venture agreement will grant the SPV the exclusive right to manage, operate, maintain, repair, refurbish and improve, expand and as appropriate, decommission, the facilities of CCWD.
The SPV shall also be given the right to bill and collect tariff for the provision of water supply and sanitation services in the service area.
December 26, 2018 - Manila Water wins deal to run San Jose water supply
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.
December 26, 2018 - Manila Water consortium gets P1.40-B contract to service San Jose, Nueva Ecija
A consortium of Ayala-led Manila Water Co. Inc. has secured the contract to service the water supply needs of San Jose in Nueva Ecija.
Manila Water, wholly-owned subsidiary Manila Water Philippine Ventures Inc., and Tubig Pilipinas Group Inc. received a notice of award from the San Jose City Water District – Nueva Ecija (SJCWD), the company said in a regulatory filing submitted by compliance officer Darwin Mendoza.
The project covers the implementation of design, construction, improvement, upgrade, rehabilitation, maintenance, operation, financing, expansion, and management of the water supply system of San Jose City. It also calls for providing water and sanitation services of the water district.
The project has an estimated capital expenditure program of over P1.399 billion over the 25-year contract period and is estimated to have a billed volume of about 21 million liters per day by year 25.
The consortium and the water district are signing a joint venture deal that will give the Manila Water group, as contractor, “the sole right to develop, manage, operate, maintain, repair, refurbish and improve, expand and as appropriate, decommission, the facilities in the service area, including the right to bill and collect tariff for water and sanitation services supplied in the service area of SJCWD.”
Manila Water holds the concession rights to the east zone of Metro Manila and Rizal province. These include Mandaluyong, Makati, Pasig, Pateros, San Juan, Taguig, Marikina, and parts of Quezon City and Manila. The towns of Angono, Baras, Binangonan, Cainta, Cardona, Jalajala, Morong, Pililia, Rodriguez, Tanay, Taytay, Teresa, San Mateo and Antipolo in the province of Rizal are also part of the East Zone concession.
November 18, 2018 - Manila Water ties up with Tubig Pilipinas
MANILA Water Co. Inc., through Manila Water Philippine Ventures Inc. (MWPV), its subsidiary for wastewater processing and maintenance services, signed a joint venture agreement with Tubig Pilipinas Group Inc. (TPGI) to undertake water supply projects in Pangasinan. The accord entails to “establish, construct, operate, manage, repair and maintain the water supply systems and facilities” in the municipality of Malasiqui for 25 years. TGPI has been in the pipe manufacturing industry for 50 years and holds more than 30 years of experience in bulk water supply, water distribution system and wastewater management. Last month, MWPV bagged a P742-million contract to build water supply and sanitation services in San Fabian, Pangasinan. Under the 25-year franchise, the project, with estimated capital expenditure of P742 million, is expected to be operational by 2019. In June last year, Manila Water also signed a 25-year joint venture agreement with Calasiao Water District to construct and operate water supply system in the area. Calasiao Water is a joint venture between Manila Water and CWD which started servicing four villages — Ambuetel, Nagsaing, Lumbang and Doyong — in March this year.
October 1, 2018 - BusinessWorld Live Interview with Mr. Gary Espino
* Video courtesy of ONE News (BusinessWorld Live)