MAYNILAD Water Services Inc. said it is set to award the P30-billion water treatment and pipe laying project in Rizal.
Randolph Estrellado, Maynilad chief operating officer, said P10 billion will be spent for the water treatment plant in Teresa, Rizal, and the rest for the pipe laying that will connect the Kaliwa Dam to the plant and Maynilad’s customers.
“It is critical for us that, when the Kaliwa Dam is completed, these projects will also be completed,” Estrellado said, noting Kaliwa Dam’s timetable for completion by 2028 or 2029.
“It is necessary that, before the dam is completed, all our projects should also be completed since it takes about three years to build a treatment plant. Then we still have to lay pipes from Teresa, Rizal down Binangonan and across the Laguna Lake,” he added.
The P12.2-billion Kaliwa Dam is expected to provide 600 million liters of water per day.
Estrellado said Maynilad already acquired the land for the Teresa Water Treatment Plant, while two contracts for the laying of pipes in Teresa and Morong, Rizal, have been awarded.
Next year, the contracts for the pipes in Binangonan and the treatment plants will be awarded, he added.
The projects will be funded by a combination of internally generated funds and bank financing.
Estrellado said the approval of the company’s tariff increases eased the process of tapping financing from lenders.
“Hopefully we will finish our projects on time because, typically, securing the permits is the biggest issue for us since it could take over a year just to get permits to lay wastewater pipes,” he added.
Estrellado said the initial portion of the water treatment and pipe laying project is part of the investments Maynilad has committed as part of its concession agreement, worth P26 billion.
