MAYNILAD Water Services, Inc. is investing P2.2 billion to replace 312 kilometers of old pipes in its concession area in the west zone of the greater Metro Manila area.
In a statement on Tuesday, the company said pipes will be replaced in parts of Quezon City, Muntinlupa City, Parañaque City, and Bacoor City. This will allow Maynilad to recover about 28 million liters of water per day (MLD), which can cater to about 200,000 customers.
“Replacing old pipes is part of the strategy to maximize existing supply for distribution to more areas. This is particularly important now, as we strive to meet the ever-increasing water requirements of a growing population,” Ramoncito S. Fernandez, president and chief executive officer of Maynilad, said in a statement.
The West Zone concessionaire has already replaced about 2,355 kilometers of pipelines as of April 2019. This is equivalent to 58% of its old system that it had when it was re-privatized in 2007.
Maynilad supplies water in some areas of Manila, Quezon City, Makati City, as well as other cities in Metro Manila, which include Caloocan City, Pasay City, Parañaque City, Las Piñas City, Muntinlupa City, Valenzuela City, Navotas City, and Malabon City.
It also caters to some parts of Cavite, namely Cavite City, Bacoor, Imus, Kawit, Noveleta, and Rosario.
Early this year, the company said it is allotting P100 billion as capital expenditure in five years until 2022, which covers its fifth rate rebasing, of which P40 billion will cover the construction of new sewage treatment plants (STPs).
Specifically, Maynilad said it is investing P26.4 billion in the next five years to build new STPs and lay sewer lines in Caloocan, Las Piñas, Muntinlupa, and Kawit in Cavite. For this year, it is investing P11.4 billion for wastewater projects.
Metro Pacific Investments Corp., which has majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc.
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