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The signing of new concession deals between the government and service providers Maynilad and Manila Water is seen as favorable to Filipino consumers while also settling investor fears about the sanctity of public contacts, a market economist says.
Maynilad, MWSS sign new concession agreement mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published April 29, 2021, 5:00 PM
The summer heat has pushed water demand in a lot of areas in the metropolis, causing the water level in the Bagbag reservoir – which is Maynilad Water Services Inc.’s biggest reservoir – to decline, which eventually led to rotational service interruptions.
This prompted Metropolitan Waterworks and Sewerage System (MWSS) Chairman Reynaldo Velasco to instruct Maynilad to maximize the use of Putatan Water Treatment Plant 2 in Laguna Lake as well as accelerate the completion of its nonrevenue water (NRW) reduction projects to ensure water availability in the west zone.
MWSS Chairman and OIC Administrator Reynaldo V. Velasco (Photo credit: https://mwss.gov.ph/board-of-trustees/)