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However, in September 2013, the regulator MWSS ordered both companies to reduce their tariff. Manila Water and Maynilad were ordered to reduce tariffs by 29.47 percent and 4.82 percent respectively in five equal annual tranches over a period of five years, because "the utilities were unable to justify the need for higher rates based on their ...
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.
Under the agreement, Singapore pays rent on the land “at the standard rate applicable to building lots on town land”, and follows water rates and prices stated in the 1961 agreement with the provision of price review possible in 25 years. [2] 1986 and 1987, the 25-year mark for the two agreements.
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 ...
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Since 2019, the two firms supplying water to Metro Manila and nearby provinces have been the subject of President Duterte's public rants, after they went to an international arbiter to demand the government pay ₱10.8 billion to recoup losses from rejected water rate hikes in 2015. [9]
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