Manila Water Co. Inc. secures a P15- billion 10-year term loan facility from China Banking Corp. for capital expenditure projects, the company said in a disclosure to the Philippine Stock Exchange yesterday.
Manila Water did not disclose details but it earlier announced it was set to close several deals with local water districts before the end of the year as part of its expansion program following the Razon Group’s acquisition of the firm.
In a separate statement, Manila Water said more than 13,500 families in Rizal Province are now provided with improved water quality and supply with the completion of 40 projects under its P524-million 2021-2022 expansion program.
For the rest of the year, Manila Water is scheduled to finish 10 ongoing pipelaying projects in the province that will resolve issues of low water pressure.
