Maynilad allots over P8.5 billion for capex this year

MANILA, Philippines - Maynilad Water Services, Inc. (Maynilad) is allotting more than P8.5 billion for capital expenditures for this year.

The West Zone water utility concessionaire is setting aside P3.7 billion to expand its service coverage and improve service levels in its concession area. The amount will be spent for the reinforcement and replacement of primary pipelines, including the completion of pipelaying projects along the Alabang-Zapote and Gen. Tirona highway which would connect previously unreached customers in the south.

In addition, Maynilad is earmarking P2.6 billion for its non-revenue water (NRW) management program which will include active leak management, NRW diagnostic, and the establishment, isolation, measurement and rehabilitation of district metered areas (DMA) all over the West Zone. 

For leak management alone, Maynilad is allocating P269 million, and P981 million for meter clustering and pipe replacement projects.

About P1.6 billion will go to Maynilad’s wastewater program, which will also fund the San Juan river basin project and the upgrade of the Central Manila sewerage system.

The rest of the 2011 capital expenditures budget will be used for water sources, water production, corporate social responsibility, natural calamity mitigation and other projects.

Maynilad is owned and managed by DMCI-MPIC Water Co., Inc. (DMWCI), a joint venture between Metro Pacific Investments Corp. (MPIC) and DMCI Holdings, Inc. (DMCIHI).