Maynilad Water Services, Inc. is spending P375 million for a P749-million project to assist in the rehabilitation of the 13.4-kilometer Angat-Umiray transbasin tunnel located in the municipality of General Nakar in Quezon. “Through sustained investments in water infrastructure enhancements, we can continue to meet the drinking water needs of an ever-growing population. We fully support the MWSS in this endeavor,” Maynilad President and Chief Executive Officer Ramoncito Fernandez said. According to the MWSS website, the project is being implemented and funded by the Common Purpose Fund (Office) of concessionaires Maynilad and Manila Water Co., Inc. Founded in 1997, Maynilad is the Philippines’ largest private water concessionaire in terms of customer base.

Source: Manila Times December 28, 2017 16:07 UTC