Maynilad sets aside P9 billion capex this year
Maynilad Water Services, Inc. is setting aside P9 billion this year as capital expenditure for its water and wastewater infrastructure projects, the west zone concessionaire said on Monday, Feb. 19.
“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,” said Ramoncito S. Fernandez, Maynilad president and chief executive officer.
Of the P9 billion, two-third or about P6.5 billion will be spent on the company’s infrastructure projects, Maynilad said.
Around P1.7 billion of the P9 billion budget this year will be used for wastewater management projects to increase sewerage coverage and maintain network reliability. It will be spent 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,” the company said. — Victor V. Saulon