MANILA Water Co. Inc. said Friday that it had signed a P15-billion, 10-year term loan facility with Metropolitan Bank & Trust Co. (Metrobank) to fund various capital expenditure (capex) projects.
MANILA Water Co. Inc. said Friday that it had signed a P15-billion, 10-year term loan facility with Metropolitan Bank & Trust Co. to fund various capital expenditure projects.This followed a P10-billion, 10-year term loan facility that the water concessionaire signed with China Banking Corp. in November, also to shore up its capex budget. Manila Water, incorporated on Jan. 6, 1997, started commercial operations on Jan. 1, 2000, and became publicly listed on March 18, 2005.
In 2021, Republic Act 11601 that became effective January 2022 granted Manila Water a franchise for the East Zone service area and the province of Rizal for a 25-year period. It also confirmed the firm's status as a public utility.
Water Secures P15-B Loan For Projects
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