MANILA -- Manila Water said Monday it was pursuing a supply project in Laguna and Quezon despite uncertainty over its concession contract to deliver water to the Philippine capital's east zone.
The Ayala-owned utility disclosed to the stock market that its subsidiary, Laguna AAA Water Corporation (LAWC) formed a joint venture to bid for the Lumbo Spring Bulk Water Supply Project.
The project involves the design, construction and installation of raw water intake structures, treated water reservoir, conveyance system, pumping stations and metered interconnections facilities, Manila Water said.
It will serve the San Pablo City Water District in Laguna and the Dolores Water District in Quezon, the company said. Two other companies are bidding for the project, according to the government's Public Private Partnership Center.
The companies will be informed if they are eligible to bid for the project on Jan. 29, the PPP Center said.
LAWC is a subsidiary of Manila Water Philippine Ventures, Inc, which is a wholly-owned subsidiary of Manila Water Company, Inc.
Government lawyers are crafting a revised concession agreement with Manila Water and Maynilad Water Services Inc after President Rodrigo Duterte said late last year that the current agreements were "onerous."