A unit of Manila Water Co. Inc. is investing P150 million to put up and operate the water system of Damosa Land Inc.’s new industrial estate in Davao del Norte.
MANILA - The Manila Water Philippine Ventures, Inc. (MWPV) on Monday signed a 25-year partnership with Damosa Land Inc. (DLI) to develop and manage additional water facilities for Anflo Industrial Estate (AIE) in Panabo, Davao del Norte. MWPV, a business unit under the Manila Water Company (Manila Water), will invest at least PHP150 million for the development, financing, construction, operation and management of the water system of the 63-hectare property. The partnership between MWPV and DLI brings in additional water facilities to be integrated into the existing system to meet the projected demand of 2.6 million liters of water per day. AIE services a variety of industries such as food processing, plastic packaging manufacturing, paper packaging assembly and warehousing. "As we look for opportunities to expand our services beyond the East Zone of Metro Manila and Rizal province, we look towards the growth in the Visayas and Mindanao regions where active developers like Damosa L
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