MAYNILAD Water Services Inc. said Tuesday that it spent P25.75 billion in 2024 to upgrade water and wastewater infrastructure.
“These infrastructure investments reflect our commitment to delivering secure and reliable water services while ensuring long-term sustainability amid growing demand and climate challenges,” Maynilad President and Chief Executive Officer Ramoncito S. Fernandez said in a media release.
“We remain focused on strengthening our operations and expanding access to wash water and sanitation for our customers,” he added.
The actual figure was lower than the P31 billion Maynilad had initially earmarked for the 12 months.
Of the overall capex, the corporate allocated P7 billion to improving the sewerage system, including constructing and upgrading wastewater facilities. Amongst these projects is the continued construction of water reclamation facilities in Caloocan and Las Piñas, each of which began last 12 months.
Maynilad said it also upgraded seven wastewater treatment facilities in Muntinlupa, Pasay, Quezon City, and Manila to comply with the revised effluent standards (DAO 2021-19) of the Department of Environment and Natural Resources.
It allocated one other P6 billion to its non-revenue water reduction program, which included replacing 142 kilometers of aging pipes in 2024. This initiative recovered 158 million liters of water per day, improving distribution efficiency and reducing water losses.
Moreover, Maynilad invested P6.5 billion in constructing and rehabilitating key water facilities, including the Poblacion Water Treatment Plant in Muntinlupa and the Parada Pumping Station in Valenzuela. It also expanded its pipeline network across the west zone, including laying pipelines in Morong, Rizal, in preparation for future water supply from Kaliwa Dam.
Meanwhile, P4.4 billion was allocated to developing small-scale water treatment facilities that tap alternative sources equivalent to dams and rivers in Cavite province, ensuring a more resilient water supply.
The corporate also dedicated a portion of its 2024 budget to enhancing customer support and data programs.
In January, Mr. Fernandez said the corporate’s capex budget for 2025 could reach P30 billion or higher because it anticipates a stronger financial 12 months.
Maynilad serves parts of Manila, Quezon City, and Makati, in addition to Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, and Malabon. It also supplies water to the cities of Cavite, Bacoor, and Imus, and the towns of Kawit, Noveleta, and Rosario in Cavite province.
Metro Pacific Investments Corp., which holds a majority stake in Maynilad, is certainly one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., alongside Philex Mining Corp. and PLDT Inc.
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