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Maynilad Water Services, Inc., better known as Maynilad, is the water and wastewater services provider of cities and municipalities that form the West Zone of the Greater Manila Area in the Philippines. It is an agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS). [1] Maynilad is one of two private water providers in ...
The Maynilad Water Services, Inc., a joint venture between the French Suez and the Filipino Benpres Holdings for the West Zone; the Manila Water Company, Inc., consisting of the Filipino Ayala Corporation with the British United Utilities, the U.S. company Bechtel, and Japanese Mitsubishi for the East Zone. [citation needed]
The MWSS Regulatory Office (RO) was created in August 1997 by virtue of the Concession Agreements signed between the MWSS and the two concessionaires, Manila Water Company, Inc. [11] for the East Zone and Maynilad Water Services, Inc. for the West Zone.
The Ayalas own the controlling stake in Manila Water, while a company being run by Manuel V. Pangilinan is a shareholder of Maynilad along with the Consunjis. On November 26, 2019, Duterte slammed both private water firms of treating water like a commodity and not as a natural resource.
Incorporated on January 6, 1997, Manila Water became a publicly listed company on March 18, 2005. It is the east concessionaire of Metropolitan Waterworks and Sewerage System during its privatization on August 1, 1997, with its counterpart Maynilad Water Services, Inc. as the west concessionaire. The 25-year water concession agreement inked ...
The Maynilad Water Services, Inc. was awarded the concession contract for the West Zone, while the Manila Water Company, Inc. was awarded the East Zone of Metro Manila. The concession contracts, which are expected to last for 25 years, included targets concerning coverage, service quality, and economic efficiency.
Maynilad Water Services - joint-venture between Benpres Holdings Corporation and Ondeo Water Services, Inc. (formerly Suez Lyonnaise de Eaux). Benpres left the joint-venture in 2006 in order to settle a debt of US$150 million. The Medical City - in April 2008, Benpres sold its entire 18% stake in The Medical City to Lombard for Php600 million.
Water in Muntinlupa is provided by Maynilad Water Services (also known as Maynilad), which also serves western Metro Manila and some parts of Cavite. It is one of the two concessionaires that provide water to Metro Manila in the Philippines; the other one is Manila Water which serves the eastern Metro Manila.