Connect with us

Hi, what are you looking for?


Razon firm completes first phase of Wawa water project

RAZON-LED Prime Infrastructure Capital, Inc. through its unit WawaJVCo, Inc. announced that it completed the Tayabasan weir, which is the first phase of its Wawa bulk water supply project.

“True to our fast and lean management approach, Prime Infra through WawaJVCo has delivered a critical water infrastructure that supports the country’s infrastructure development agenda with speed. As you all know, this phase of the project was finished ahead of schedule in the middle of a pandemic,” Prime Infra President and Chief Executive Guillaume Lucci said in a statement on Monday.

The water infrastructure project aims to provide ample water supply to Metro Manila and the province of Rizal.

The Tayabasan weir is a 25-meter roller-compacted concrete structure designed to deliver 80 million liters per day (MLD).

It comprises three parts: the weir, where water is impounded; the pumping station, which brings the bulk water to the water treatment plant; and the buried water pipeline, where the bulk water passes to get to the water treatment plant.

In June, the Tayabasan weir filled up its reservoir ahead of its completion in October.

Meanwhile, second phase of the project or the upper Wawa dam is expected to be completed by 2025 and will deliver at least 518 MLD to off-taker Manila Water Co., Inc. and the Metropolitan Waterworks and Sewerage System.

Mr. Lucci said that the firm was able to secure the necessary permits and obtain the seal of approval for the social aspects of the project, which “further demonstrates our capability to deliver not only critical water infrastructure, but also provide economic upliftment of local communities and environmental conservation.”

In March, WawaJVCo obtained the approval of the Dumagat or Remontado indigenous people for the upper Wawa dam.  This marked the fourth and final memorandum of agreement in the free and prior, informed consent process for the project.

The firm added that it also secured the necessary permits from various government agencies, including the Department of Environment and Natural Resources, Environmental Management Bureau, the Protected Area Management Board of the Upper Marikina River Basin Protected Landscape, and the concerned local government units.

In June, Prime Infra filed for a P28.2-billion initial public offering with the Securities and Exchange Commission.

The firm plans to offer around 1.76 billion common shares at an offer price of up to P14.60, with an overallotment option of up to 175.58 million shares.

Net proceeds from the offer will be used to fund projects in the group’s energy and water as well as waste and sustainable fuels businesses. — Luisa Maria Jacinta C. Jocson

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!



PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...


Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...


Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...


REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...


Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

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.