Metro Pacific Investments wins water PPP project
The water utility unit of Metro Pacific Investments Corp. (MPIC), MetroPac Water Investments Corporation (MWIC), has won the Iloilo Bulk Water Supply PPP project in Philippines.
MWIC will be responsible for the upgrade, expansion, operation and maintenance of the existing water production facilities of Metro Iloilo Water District (MIWD). The facilities are expected to provide approximately 170 million liters per day of bulk water supply to MIWD during the next 25 years.
The total project investment is estimated at P2.8 billion (US$59.4 million), based on 2014 prices.
Iloilo City is a highly urbanized city on Panay island in the Philippines. It is the capital city of the province of Iloilo and is also the regional center of the Western Visayas region as well as the center of the Iloilo-Guimaras Metropolitan Area. Iloilo City has a population of approximately 425,000 inhabitants. For the metropolitan area, the total population is approximately 880,000 inhabitants.
We have recently reported that three teams bid for the Bulacan bulk water supply PPP project located in north of Manila. The project will be developed on a design, build, finance, operation and maintenance basis through a build-operate-transfer (BOT) contract agreement. The contract period will be 32 years.
Country news
-
-
December 01, 2015
Bid submissions extended again for North-South Railway PPP project
The Philippine's Department of Transportation and Communications (DOTC), along with its attached agency, the Philippine National Railways (PNR), has extended again the deadline for the submission of qualification documents for the North-South Railway Project (NSRP) (South Line). Read more -
December 02, 2015
ADB loans $600 million to support Philippines PPPs, Financial Reforms
The Asian Development Bank (ADB) has approved loans totaling US$600 million to support the Government of the Philippines' reforms to boost the use of PPPs. Read more -
December 02, 2015
Philippines gets US$1.1 billion unsolicited proposal for floating bridge project
The Philippines Department of Public Works and Highways (DPWH) has received an unsolicited proposal to develop a floating bridge between Mindoro and Batangas through a PPP model. Read more -
December 03, 2015
JICA grants $2 billion loan for rail PPP project in the Philippines
Japan International Cooperation Agency (Jica) has granted a $US 2 billion loan to fund the Philippines government's portion of the Manila North-South Commuter Rail PPP project. Read more -
December 04, 2015
Davao City endorses reclamation PPP project
The Public-Private Partnership (PPP) Board of Davao City (Philippines) recently endorsed to the City Council the P39-billion (around $837 million) reclamation project proposed by Manila-based port operation firm Mega Harbour Port Development Corp. after no competitive bids were submitted in the bidding process. Read more
