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P330-M Maynilad project nears completion

MAYNILAD Water Services, Inc. said it is nearing the completion of its P330-million pipe replacement project in South Caloocan, aimed at enhancing water pressure and reducing water losses in the area.

“This initiative is part of our P11.2-billion investment in pipe replacement projects from 2023 to 2027, aimed at reducing water losses and improving service reliability,” Maynilad Chief Operating Officer Randolph T. Estrellado said in a statement on Monday.

The pipe replacement project involves upgrading and replacing nearly 2 kilometers of aging and leaking pipelines along General San Miguel Avenue in Sangandaan, Caloocan City, the company said.

Slated for completion within the year, the project is targeted to improve water pressure for over 55,000 customers and recover approximately 2.25 million liters of potable water daily, previously lost due to pipeline leaks.

“We remain committed to implementing infrastructure upgrades that ensure a more sustainable and reliable water supply for our customers,” Mr. Estrellado said.

The company serves certain portions of Manila, Quezon City, and Makati. It also operates in Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, and Malabon. It also supplies the cities of Cavite, Bacoor, and Imus, and the towns of Kawit, Noveleta, and Rosario, all in Cavite province.

Metro Pacific Investments Corp., which has a majority stake in Maynilad, is one of three 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 an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

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