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Maynilad Water Services, Inc., better known as Maynilad, is the water and wastewater services provider of cities and municipalities that form the West Zone of the Greater Manila Area in the Philippines. It is an agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS). [1]
The Metropolitan Waterworks and Sewerage System [1] (Tagalog: Pangasiwaan ng Tubig at Alkantarilya sa Kalakhang Maynila), [5] formerly known as the National Waterworks and Sewerage System Authority (NAWASA), is the government agency that is in charge of water privatization in Metro Manila and nearby provinces of Cavite and Rizal in the Philippines.
The P717 million contract was awarded by MWSS and Maynilad to Cavite Ideal International Construction and Development. [ 7 ] [ 5 ] The project has been beset with delays and a suspension because of a flash-flooding incident resulting to the deaths of six workers and surveyors in 2016.
It is the east concessionaire of Metropolitan Waterworks and Sewerage System during its privatization on August 1, 1997, with its counterpart Maynilad Water Services, Inc. as the west concessionaire. The 25-year water concession agreement inked with MWSS was expected to terminate in 2022. In 2009, its concession agreement with the MWSS was ...
Through the MWSS New Water Source Development Project, approved in 2003 and ended in October 2008, ADB has contributed a total of US$3.26 million, whereas MWSS provided US$1.71 million. The joint-project sought to develop up to 3 water source projects for Metro Manila and to improve the financial management as well as the accounting and fiscal ...
The La Mesa Watershed Reservation is a protected area that preserves the only major watershed in Metro Manila, Philippines.Also known as the Novaliches Watershed, it contains the last remaining rainforest of its size in Metro Manila surrounding the La Mesa Dam and Reservoir, the primary source of potable drinking water for 12 million residents in the Manila metropolitan area. [1]
The government did not call on Maynilad's performance bond, but rather took on three new foreign currency loans with a total value of US$431 million to finance the MWSS debt service. The government agreed to convert a small part of the unpaid concession fees, US$22.67 million, into an 84 percent equity share of Maynilad.
The Ayalas own the controlling stake in Manila Water, while a company being run by Manuel V. Pangilinan is a shareholder of Maynilad along with the Consunjis. On November 26, 2019, Duterte slammed both private water firms of treating water like a commodity and not as a natural resource.