WEST Zone concessionaire Maynilad Water Services Inc. (Maynilad) is setting aside more than P31 billion for capital expenditures (capex) this year, said to be its "biggest" capital investment since water services in Metro Manila were privatized in 1997.
"Last year, we spent over P26 billion in capital investment, which was our highest annual capex spend in history. We are continuing to accelerate our service enhancement program so that our customers can enjoy the benefits sooner rather than later," Maynilad President and Chief Executive Officer Ramoncito Fernandez said in an article posted on the water firm's website on Wednesday.
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