Manila Water Unit to Invest in Clark Facilities
Published on by Water Network Research, Official research team of The Water Network in Business
Subsdiary of Manila Water Company, Inc.Has Committed to FinanceWater & Wastewater Services within the Clark Freeport Zone in Pampanga
According to a statement issued by Manila Water , Clark Water has pledged to make such capital investments between now and 2040, following the extension of its concession agreement by another 15 years.
It was only recently that Clark Water, the sole water and used water services provider at the Clark Freeport, had inked a contract with Clark Development Corp. for the extension of its concession agreement.
The planned P3.93-billion capital investment pegged for the whole concession term will be used for various improvements of the company's water and used water facilities in order to promote the freeport zone as an ideal business hub for multinational companies.
Of this amount, about P1.06 billion is expected to be invested within the first four years.
For 2014, Clark Water has already completed three new deep wells, upgraded three booster pumps, and installed generator sets on its old water sources to improve and strengthen supply reliability.
Clark Water further disclosed that it has formulated a business plan which will serve as its project road map until the end of its concession period.
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