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Desludging trucks of Manila Water in 2012. Manila Water Company, a publicly listed company and a subsidiary of Ayala Corporation, holds the exclusive right to provide water and used water services to over six million people in the Manila Water Concession, particularly the East Zone of Metro Manila and Rizal Province consisting of 23 cities and municipalities.
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.
Maynilad Water Services Inc. was formed in 1997 as a partnership of the Benpres Holdings Corporation (now the Lopez Group of Companies) and Ondeo Water Services Inc. after it won the bidding to run the water and wastewater services in the West Zone. Benpres eventually left the partnership in 2006 to settle a US$240 million debt.
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Manila Water's rate of return in its bid was only 5.2 percent. On that basis it submitted a very low tariff that allowed it to win the concession. In 2001, Manila Water succeeded in having its rate of return increased to 9.3 percent after international arbitration.
Metro Pacific Investments Corporation (MPIC) is a Philippine unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. [3] MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects.
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