Connect with us

Hi, what are you looking for?

Captain Of Success
Top Stories

Stock Markets

Metro Dumaguete Water to invest P524 million to upgrade city’s water service  

MDW

Metro Dumaguete Water (MDW), a joint venture between Dumaguete City Water District and Metro Pacific Water, has pledged a P524-million investment over the next five years to enhance the city’s water supply infrastructure and service delivery. 

“The capital expenditure (CAPEX) program is a key component of the company’s long-term master plan to ensure reliable and affordable water for all residents,” MDW said in a statement.  

MDW’s chief operating officer (COO), Robert R. Cabiles, said that the more than P500 million investment will be allocated to four key areas, including service improvements, non-revenue water (NRW) management, source development, and the adoption of new technologies.  

Under the CAPEX program, Mr. Cabiles said the utility plans to develop a new pumping station to provide additional water supply to northern barangays, as well as conduct essential pipe improvements to meet population and demand growth. 

He noted that although various improvements have been made in recent years, some parts of the city still do not enjoy 24/7 water availability. 

“These zones have been identified in our first five years of operations and have been factored into our master plan,” Mr. Cabiles said in a statement.  

“The sustainable solutions for these areas have been identified and will be rolled out in the next one to three years,” he added. 

The COO also highlighted the utility’s achievements in the past year, including the establishment of two pumping stations and the addition of four kilometers of transmission pipeline. He said that MDW now covers 95% of the city, serving 135,000 residents. 

A 24/7 customer service hotline and over 1,000 new payment partners were also implemented and can be accessed by MDW’s customers.  

Mr. Cabiles assured the city council that despite substantial capital expenditures, MDW continues to offer a minimum charge of P202.50, noting that it remains one of the most affordable water rates in the province. 

MPW, one of the joint-venture partners of MDW, is the water infrastructure investment subsidiary of the Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC). 

MPIC is one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority share in BusinessWorld through the Philippine Star Group, which it controls. — Edg Adrian A. Eva

    You May Also Like

    Stock Markets

    Pedestrians along the Estrella-Pantaleon Bridge are dwarfed by the towering buildings in Makati City, Dec. 5, 2022. — PHILIPPINE STAR/MIGUEL DE GUZMAN THE Department...

    Stock Markets

    The logo of J.P. Morgan is seen in Zurich, Switzerland July 8, 2021. — REUTERS/ARND WIEGMANN By Bettina Faye V. Roc, Banking Editor THE...

    Finance

    A new player in football talent management has entered the game. M+C Saatchi Football, co-founded by former England and Liverpool midfielder Jamie Redknapp, officially...

    Finance

    Tesla shares have surged almost 50% since the company was rocked by a very public clash between CEO Elon Musk and US President Donald...

    Disclaimer: CaptainOfSuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.