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Maynilad to invest P13.6B for water, waste water infra projects in 2016

Maynilad Water Services, Inc. (Maynilad) is investing  ₱13.6 billion this year for its water and wastewater infrastructure projects to help ensure sufficient water supply and pressure in the West Zone. In a statement, the Maynilad said that more than half of 2016 capital expenditures (CAPEX) or around ₱7.5 billion will go to Maynilad’s water infrastructure projects. More than ₱3.9 billion has been earmarked for operation support programs such as the construction, rehabilitation and upgrade of treatment plants, pumping stations and reservoirs, and the laying of primary pipelines for water service expansion. “We start the year right by providing the necessary investments to continue meeting our service obligations and contributing to the job generation efforts of the government,” said the new Maynilad President and CEO Ramoncito S. Fernandez. Funding for Maynilad’s infrastructure investments will come …

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