Manila Water holds the exclusive right to provide water and used water services

Manila Water Company Inc., a subsidiary of Ayala Corporation, the oldest conglomerate in the country has secured an 18-year contract for the development of a P173-million water supply project in Pagsanjan, Laguna.

In a regulatory disclosure, Manila Water said it received a notice of award from the Pagsanjan Water District for the implementation of the joint venture project estimated to deliver a potential billed volume of 9.57 million liters per day,

The project involves the design, construction, expansion, rehabilitation and financing of water supply and sanitation facilities in the service area of the Pagsanjan Water District.

It also covers the management, operation and maintenance of water supply and sanitation facilities, in addition to the provision of needed services.

“Upon completion of the conditions precedent specified in the notice, Laguna Water and the Pagsanjan Water District shall enter into a joint venture agreement for the implementation of the project,” Manila Water said in a statement.

Laguna Water is a subsidiary of Manila Water Philippine Ventures, Inc. (MWPV), a wholly-owned subsidiary of Manila Water.

Last year, MWPV also received a notice of award from the Obando Water District for the implementation of a joint venture water project to rehabilitate, operate and provide water and sanitation services to the municipality of Obando in Bulacan.

MWPV also previously signed an asset purchase deal with Asian Land Strategies Corporation – one of the largest real estate developers in Bulacan – for the provision of water and used water services in its residential subdivisions in Bulacan.

Manila Water holds the exclusive right to provide water and used water services to more than six million customers in the East Zone of Metro Manila and Rizal, encompassing 23 cities and municipalities.