Maynilad Water Services Inc. has allocated more than ₱30 billion for capital expenditures in 2024, the highest since Metro Manila’s water services were privatized in 1997.
The funds will primarily support water and wastewater projects, as well as the company’s non-revenue water reduction program.
CEO Ramoncito Fernandez expressed optimism about the company’s performance this year, citing improved water availability and growing demand due to the economy’s expansion.
Maynilad also plans to go public by 2025, with preparations for an initial public offering already underway.
The company serves Metro Manila’s West Zone and is jointly owned by Metro Pacific Investments Corp., DMCI Holdings, and Marubeni Corp.
Source: PhilNews24 | January 20, 2025
