Filtered By: Money
Money

Maynilad sets P178-B spending plan until 2046


West Zone concessionaire Maynilad Water Services Inc. on Wednesday announced it is earmarking P178 billion for a 23-year sewerage and wastewater improvement program.

In a statement, Maynilad said the P178-billion spending plan will be spread from 2023 until 2046 for its wastewater management program, which aims to expand sewer coverage and manage pollution loading into bodies of water.

The company said the amount will be spent on the construction of 18 new sewage treatment plants (STP) in different areas within its concession, the installation of around 360 kilometers of new sewer lines that will catch and convey used water from households to STPs, and the upgrade of 17 existing wastewater facilities to meet the standards of the Department of Environment and Natural Resources, among other wastewater-related projects.

“Besides improving the distribution of drinking water supply, our investment program also includes the laying of essential infrastructure to collect and treat the wastewater generated by households so we can ensure environmental sustainability,” said Maynilad chief operating officer Randolph Estrellado.

Maynilad said it is currently constructing new STPs and laying sewer conveyance systems in Valenzuela, Caloocan, Las Piñas, and Tunasan and Cupang in Muntinlupa.

Once operational, these new facilities combined will have the capacity to treat 419 million liters of wastewater per day, serving around 1.75 million residents, it said.

The company said its long-term plan also includes the construction of a 140-million liters/day-capacity STP and installation of sewer lines in Manila.

Since 2007, Maynilad said it has already spent P41.2 billion in capital expenditures for its wastewater management projects alone, enabling it to add 20 STPs to the existing two, as well as expand sanitation service with its construction of new STPs and purchase of new vacuum trucks for septic tank desludging activities.—AOL, GMA Integrated News