Connect with us

Hi, what are you looking for?


Maynilad proposes rebased water rates

MAYNILAD Water Services, Inc. is seeking to implement a rate increase of P13.31 per cubic meter staggered from 2023 to 2027 for its mandatory rate rebasing.

During a public consultation on rate rebasing on Monday, Maynilad proposed an increase of P3.29 per cubic meter in 2023; P6.26 per cubic meter in 2024; P2.12 per cubic meter in 2025; P0.84 per cubic meter in 2026; and P0.80 per cubic meter in 2027.

Randolph T. Estrellado, Maynilad’s chief operating officer, said that the company is targeting to spend about P150 billion for the next five years on its water and wastewater projects.

Mr. Estrellado said that Maynilad’s projects include six sewage systems, 420 million liters per day (MLD) additional treatment capacity, upgrading of 14 wastewater facilities, 121-kilometer sewer lines, 1.45 million septic tanks for desludging, and 10,000 new sewer service connections.

He said water projects include 450-MLD water treatment plants, 95-MLD modular treatment plants, 55-kilometer new primary lines, 639-kilometer pipe replacement, and five pumping stations. He added that the company is also targeting to rehabilitate about 17 pumping stations and reservoirs.

Rate rebasing is conducted every five years, under the concession agreement of Metropolitan Waterworks and Sewerage System (MWSS) with water concessionaires.

During the rate rebasing process, concessionaires are subjected to a performance review and validation of their projected cash flows.

Rate rebasing sets the water rates in a manner that allows the water suppliers to recover their expenditures.

Last week, Manila Water Co., Inc. said it is targeting to spend about P181 billion for capital investments in the next five years.

Meanwhile, MWSS said that the proposals of the two concessionaires are still subject to approval and evaluation.

Metro Pacific Investments Corp., which has a majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT Inc.

Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Linesmen fix electric posts in Tondo, Manila. — PHILIPPINE STAR/ RUSSELL PALMA PRESIDENT Ferdinand R. Marcos, Jr. is hoping the Court of Appeals (CA)...


Finance Secretary Benjamin E. Diokno answers questions from the media during a press briefing at the New Executive Building, Malacañan Palace, July 6. —...


SUBSIDIES extended to government-owned and -controlled corporations (GOCCs) surged to P39.981 billion in October, the Bureau of the Treasury (BTr) said. Budgetary support to...


Manila rose six spots to 55th place out of 75 ranked centers in the sixth edition of the Smart Centers Index (SCI) by Long...


By Arjay L. Balinbin, Senior Reporter METRO Pacific Tollways Corp. (MPTC) said its unit NLEX Corp. expects to award the Candaba Third Viaduct project,...


1 of 3 ARMANI’s diffusion line, Armani Exchange, is trading in its old store look for a new one. During a short introduction to...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.