MPIC unit bags CDO bulk water management, operations contract

MANILA, Philippines - A subsidiary of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) has bagged a deal with a local bulk water supplier to improve water operations in Cagayan de Oro City.

In a disclosure to the local bourse, MPIC said its unit Metropac Water Investments Corp. (MWIC) has entered into an agreement to operate and maintain the 100 MLD (million liters per day) bulk water facility of Rio Verde Water Corp. in Baungon, Bukidnon.

MPIC said its operation and maintenance appointment would allow Rio Verde to more efficiently supply Cagayan de Oro City with its municipal water needs.

The conglomerate, led by businessman Manuel V. Pangilinan, also said the agreement would eventually lead to the decommissioning of deteriorating deep wells that are depleting and damaging CDO’s water tables.

 “MWIC will utilize the expertise of its water affiliates to improve operational efficiency, minimize operating losses, ensure uninterrupted service, and extend the life of the assets,” MPIC said.

The actual operation and maintenance of Rio Verde’s bulk water facility would be implemented through a subsidiary to be incorporated by MWIC.

 “This operation and maintenance engagement is in line with MWIC’s strategy of improving the quality and consistency of water available to millions of Filipinos across the country,” MPIC said.

Rio Verde is the exclusive supplier of bulk surface water to Cagayan de Oro Water District which currently provides for the water needs of over 80 percent of Cagayan de Oro’s population of 640,000.

MPIC, through Maynilad Water Services Inc., provides water and wastewater services for the West Zone of the Greater Manila Area which is composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon, all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite province.