Manila Water unit signs P200-M loan facility

BULAKAN Water Co. Inc. — a subsidiary of Manila Water Co. Inc. — through Filipinas Water Holdings Corp., has signed a P200-million 10-year loan facility with the Bank of the Philippine Islands.

In a disclosure to the Philippine Stock Exchange, Manila Water said that the loan proceeds would be utilized “to finance the refurbishment, expansion and improvement of the service facilities, and the water source and distribution system, and provision of sanitation services in the service area of Bulakan Water.”

The joint venture between Manila Water Co. and Bulacan Water District aims to enhance the accessibility and quality of water supply to more than 12,000 people in the municipality of Bulakan as well as sanitation services. The partnership was established in 2018 for the design, restoration, financing and management of the water supply system, and sanitation facilities of the water district.

Manila Water earlier announced the expansion of its Metro Manila east zone network to 5,362.73 kilometers of pipeline. When it was awarded the concession in 1997, it only had 2,497 kilometers of pipeline. The expanded network as of

September 2022 will help supply clean and potable water within its franchise area while ensuring 24/7 water supply to its customers, the company said.

Manila Water serves Manila’s east zone network, which comprises Marikina, Pasig, Makati, Taguig, Pateros, Mandaluyong, San Juan, portions of Quezon City and Manila, and several towns of nearby Rizal province.