The laws allow the two companies to establish, manage, operate, repair, rehabilitate, expand and improve the waterworks and sewerage system in the franchise area, including the right to bill and collect fees from end-users for its services. | onenewsph
President Duterte has signed laws granting 25-year franchises to water concessionaires Maynilad Water Services Inc. and Manila Water Company Inc.
Manny V. Pangilinan’s Metro Pacific Investments Corp. owns a controlling stake in Maynilad, while Manila Water is controlled by ports tycoon Enrique Razon Jr. The concessionaires shall also be allowed to develop, finance, construct, install, maintain and operate, as its operations may require, water sources, including new raw water sources, including deep wells, dams, aqueducts, tunnels, treatment plants, reservoirs, pump stations and facilities for the transmission, conveyance and distribution of water, including pipelines, machinery and other waterworks to supply water in the franchise area, for domestic, commercial, industrial and other purposes.
The laws also state that the Regulatory Office, with the approval of the Metropolitan Waterworks and Sewerage System, shall establish tariffs, rates and other charges which are fair and reasonable to ensure economic viability and a fair return on investments.
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