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Maynilad subsidiary spending P250M on Bulacan project
Business World

A SUBSIDIARY of Maynilad Water Services, Inc. will invest more than P250 million to meet water supply needs of Iglesia Ni Cristo’s (INC) 75-hectare development in Bulacan.

Maynilad, in a statement yesterday, said Philippine Hydro, Inc. (PhilHydro) signed a 20-year bulk water supply contract with INC for the latter’s Ciudad de Victoria complex located at the border of the municipalities of Bocaue and Santa Maria.

“PhilHydro will spend more than P250 million to lay over 17 kilometers of pipelines to connect Ciudad de Victoria to the company’s Norzagaray water treatment plant in Bulacan,” the company said.

The contract will involve delivery of 10,000 cubic meters (cu.m.) of potable water per day.

“For the first two years beginning July 2014, PhilHydro will provide the INC complex with 2,000 cu.m. per day (CMD),” Maynilad said.

“From year three until year five, PhilHydro will double its bulk water delivery to 4,000 CMD.”

PhilHydro is expected to deliver the full 10,000 CMD starting 2028.

Ciudad de Victoria is a mixed-use development that will house a university, medical facility, chapel, housing project and domed arena that will be called The Philippine Arena.

PhilHydro was established in 1999 as a private water company that supplies treated water to local water districts. Its customers include the local water districts of Norzagaray and Santa Maria; as well as Bambang in Nueva Vizcaya and Legazpi City in Albay. The utility also treats and distributes potable water to the municipality of Rizal in Nueva Ecija.

Maynilad -- which took over management and operations of PhilHydro in 2012 -- mainly provides water and wastewater services to residents in most of Manila, parts of Quezon and Makati cities, as well as the cities of Caloocan, Pasay, Parañaque, Las Piñas, Valenzuela, Navotas and Malabon in Metro Manila.

Its franchise area also covers the cities of Bacoor and Imus, as well as the municipalities of Kawit, Noveleta and Rosario in Cavite province.

Profit of the company grew 9% to P6.936 billion last year from P6.380 billion in 2012. Revenues jumped 6% to P16.895 billion from P15.883 billion, while costs and expenses climbed 5% to P7.147 billion from P6.814 billion.

Metro Pacific Investments Corp. (MPIC) and DMCI Holdings, Inc. hold 52.8% and 25.24% stakes, respectively, in Maynilad. Japanese firm Marubeni Corp. holds a 20% stake, while the balance is held by other shareholders. Yesterday, shares of MPIC gained nine centavos or 1.81% to close P5.07 apiece from P4.98 on Tuesday; while those of DMCI added five centavos or 0.07% to end P71.80 each from P71.75.

MPIC is the local unit of Hong Kong-based First Pacific Company Ltd., which in turn is a major shareholder of Philippine Long Distance Telephone Co. (PLDT). Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld. --Claire-Ann Marie C. Feliciano

2,347 Posts
did they removed the side stairs from the plan and decided only to retain the front stairs? kasya kaya ang one month for the construction ng ramp and side stairs?
if they really removed it, will it be bare or converted as a wall or will the red panels be extended downwards?

any idea what will happen to those portions? andameng tanong. haha:colgate::lol:

179 Posts
I Agree

again, ang MVP group ay tagapaghatid lamang ng mga kinakailangang serbisyo ng INC para sa Ciudad de Victoria kagaya ng Telecoms, power, water, internet etc...

ang CDV at mga imprastraktura dito sa tanging ang INC ang magmamay-ari.

end of story... kaya malabo ang naming rights ng PA na mahaluan/masamahan ng ibang pangalan lalo na at business entity.
You hit the nail right on the head bro! :bash:
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