Manila Water awarded to supply water to Iloilo town
Manila Water Company, Inc. has been awarded to supply water to the Municipality of Lambunao in Iloilo.
In a disclosure to the Philippine Stock Exchange (PSE), the company revealed that it already received a Notice of Award from the Lambunao Water District (LWD) for a joint venture for the design, construction, rehabilitation, maintenance, operation, financing, expansion, and management of the water supply system of the LWD in the Municipality of Lambunao in the Province of Iloilo.
Upon completion of conditions precedent specified in the Notice, Manila Water and the LWD shall enter into a Joint Venture Agreement, the implementation of the Joint Venture Activity of which shall be undertaken by Aqua Centro MWPV Corp., a wholly-owned subsidiary of Manila Water through Manila Water Philippine Ventures, Inc. (MWPV).
MWPV is likewise a wholly-owned subsidiary of Manila Water.