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The MWSS Regulatory Office (RO) was created in August 1997 by virtue of the Concession Agreements signed between the MWSS and the two concessionaires, Manila Water Company, Inc. [11] for the East Zone and Maynilad Water Services, Inc. for the West Zone.
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]
However, the regulator MWSS blocked this part of the tariff increase and brought the issue to the Supreme Court of the Philippines for a final decision. oel Yu, chief regulator at MWSS, says that Manila Water’s return on equity is "in the region of 20%", while Maynilad’s is "in the region of 40%".
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 ...
On March 15, 2019, different sectors rallied in front of MWSS regarding the water shortage. On March 6, 2019, about ten thousand households across Metro Manila began to lose water supply. [ 1 ] On March 11, the water level in La Mesa Dam reached 68.93 masl, below its critical level of 69 masl.
Because of the rapid currency devaluation, MWSS' dollar-denominated debt service doubled. Consequently, tariffs continued to rise, and targets concerning coverage and NRW were adjusted downward with the agreement of the regulatory agency. Maynilad went bankrupt in 2003 and was turned over to MWSS in 2005.
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.
The winning corporations provide the same function of MWSS. The Maynilad Water Services took over the west zone, which is composed of Manila (excluding the southeastern part of the city), Caloocan, Las Piñas, Malabon, Muntinlupa, Navotas, Parañaque, Pasay and Valenzuela. It also operates in some parts of Makati and Quezon City.