Maynilad Water Services Incorporated is investing about P13.2 billion this year to improve as well as expand water and wastewater services for its customers.
Manuel V. Pangilinan-led Maynilad said in a statement on Tuesday, February 7, that it is allocating more than half of its 2017 capital spending budget, or around P8.2 billion, for its water infrastructure projects.
Of its 2017 budget, over P4.2 billion has been earmarked for water sources and operations support programs. (READ: Pangilinan-led MPIC to Duterte admin: Let's start with a clean slate)
Some of these programs are improvement works in the West Zone concessionaire's La Mesa and Putatan water treatment plants, upgrade and construction of pumping stations and reservoirs, as well as enhancements of Common Purpose Facilities (CPF) particularly the Bigte Basins, La Mesa Aqueduct, and Ipo Dam in Bulacan.
Maynilad said around P4 billion have been allotted for its water loss recovery or non-revenue water management and service expansion program. This covers meter management, leak detection and repair, pipe replacements, as well as district metered area management.
The rest of the budget will be spent for the modernization of data management and information systems, and maintenance of existing facilities, among other initiatives.
Maynilad said about P5 billion of its 2017 capital investment will be spent for wastewater management projects, to increase sewerage coverage and maintain compliance with environmental standards.