THE Duterte administration’s threat to shorten the government’s concession agreements with Manila Water Co. Inc. (Manila Water) and Maynilad Water Services Inc. (Maynilad) could force Maynilad to close, a company executive said.
“It appears that if the contract is shortened, ‘yung mga capex (the capital expenditure) to provide for additional water supply and wastewater treatment will be suspended dahil hindi kayang bayaran ‘yan (because it won’t be settled) by 2022. You are ensuring water shortage in the future, sigurado ‘yun (that’s certain) if this capex program is suspended,” DMCI Holdings Inc. Chairman and President Isidro Consunji said on Friday.
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