Manila Water Co. Inc., or MWC, terminated its multi-billion-pesos water supply concession agreement with the Provincial Government of Pangasinan "due to non-fulfillment of conditions" precedent by the latter.

The East Zone concessionaire informed the Philippine Stock Exchange on Wednesday that the concession agreement was "deemed terminated effective 31 December 2023."

MWC, however, did not provide additional details on the deal termination.

In January 2022, MWC and the government of Pangasinan signed a 25-year concession agreement for a P8-billion bulk water supply project.

The project involves building infrastructure that will source water from the Agno River and add approximately 200 million liters of water per day to households in Pangasinan. MWC will undertake the project through its subsidiary Manila Water Philippine Ventures, or MWPV.

At least 14 cities and municipalities in Pangasinan, including Villasis, Urdaneta, Malasiqui, Dagupan, Mangaldan, Santa Barbara, Calasiao, Mapandan, Manaoag, San Carlos, Binmaley, Lingayen, San Jacinto and San Fabian, were supposed to experience a more reliable water supply due to the project.

Metro water supplier

MWC mainly serves customers in Makati, Pasig, Pateros, Marikina, Mandaluyong, San Juan, Taguig, some parts of Quezon City and Manila; and several towns in Rizal province that including Taytay, Teresa, Angono, Antipolo, Baras, Binangonan, Cainta, San Mateo and Rodriguez.

It also has partnerships with water districts in Tagum, Davao del Norte; Bulacan; Clark in Pangasinan; Calasiao in Pangasinan; San Jose in Nueva Ecija; Laguna; Boracay in Aklan; Cebu; as well as with property developments through Estate Water.