Manila Water signs deal to develop new supply source

ABS-CBN News

Posted at Mar 22 2019 10:53 AM | Updated as of Mar 22 2019 02:29 PM

Manila Water customers in Mandaluyong City queue for water rations. The Ayala-led utility is looking for alternative water sources to meet demand. Mark Demayo, ABS-CBN News/File

MANILA - Manila Water said Friday it would study the development of a potential water source east of the capital, as it moved to alleviate a supply shortage.

Manila Water and Prime Metroline Infrastructure Holdings will form a technical team to conduct "technical due diligence" on the Wawa Bulk Water Supply project under their recently signed memorandum of understanding, the water utility told the stock exchange.

Ayala-led Manila Water said a potential agreement with Prime Metroline would be subject to the approval of the Metropolitan Waterworks and Sewerage System.

The administrator of the MWSS, Reynaldo Velasco, said earlier this week that Manila Water would soon sign a joint venture agreement with billionaire Enrique Razon for a new dam.