Maynilad, Manila Water contracts extended until 2047: Palace
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Maynilad, Manila Water contracts extended until 2047: Palace
Jamaine Punzalan
Published Jun 19, 2025 09:25 AM PHT
President Ferdinand Marcos Jr. leads the inaugural meeting of the Economy and Development Council on June 18, 2025. PCO
President Ferdinand Marcos Jr. leads the inaugural meeting of the Economy and Development Council on June 18, 2025. PCO MANILA — The Economy and Development (ED) Council has approved the extension of the concession agreements for Maynilad Water Services Inc. and Manila Water Company Inc. until 2047, Malacañang said Thursday.
MANILA — The Economy and Development (ED) Council has approved the extension of the concession agreements for Maynilad Water Services Inc. and Manila Water Company Inc. until 2047, Malacañang said Thursday.
Chaired by President Ferdinand Marcos Jr., the ED Council approved the request of the Metropolitan Waterworks and Sewerage System (MWSS) to extend the revised concession agreements of the two major water service providers during its inaugural meeting on Wednesday, the Presidential Communications Office said.
Chaired by President Ferdinand Marcos Jr., the ED Council approved the request of the Metropolitan Waterworks and Sewerage System (MWSS) to extend the revised concession agreements of the two major water service providers during its inaugural meeting on Wednesday, the Presidential Communications Office said.
The contract extension from July 31, 2037 to January 21, 2047 “is expected to accelerate capital investments, minimize tariff pressures, and secure long-term water supply,” the PCO said, quoting the Department of Economy, Planning, and Development (DEPDev).
The contract extension from July 31, 2037 to January 21, 2047 “is expected to accelerate capital investments, minimize tariff pressures, and secure long-term water supply,” the PCO said, quoting the Department of Economy, Planning, and Development (DEPDev).
It is also projected to generate additional government revenues amounting to P50.3 billion, the PCO added.
It is also projected to generate additional government revenues amounting to P50.3 billion, the PCO added.
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“Ensuring water security is fundamental to fostering economic growth and improving the quality of life for our growing population,” ED Council Vice Chairperson and Economics Secretary Arsenio Balisacan said.
“Ensuring water security is fundamental to fostering economic growth and improving the quality of life for our growing population,” ED Council Vice Chairperson and Economics Secretary Arsenio Balisacan said.
“By aligning the concession agreements with legislative franchises, we are promoting policy coherence and long-term investment planning in the water sector, which are essential for delivering clean, reliable, and affordable water services to millions of Filipinos,” he added.
“By aligning the concession agreements with legislative franchises, we are promoting policy coherence and long-term investment planning in the water sector, which are essential for delivering clean, reliable, and affordable water services to millions of Filipinos,” he added.
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