The Philippines: Maynilad agrees to terms similar to Manila Water deal

• MAYNILAD WATER Services, Inc., the supplier for Metro Manila’s west zone, has agreed to renegotiated concession terms similar to those accepted by Manila Water Co., Inc., Justice Secretary Menardo I. Guevarra said.
• Maynilad Spokesperson Jennifer C. Rufo said she would not comment on the details of the deal until it is finalized.
• Ms. Rufo said earlier that Maynilad is “eager to conclude the talks at the soonest possible time.”
• Mr. Guevarra has pointed out that certain parts of the new Manila Water contract were considered non-negotiable in the Maynilad talks.
• They include “the removal of the non-interference clause, the non-chargeability of corporate income tax to consumers’ water bills, no government guarantees for future debts, CoA (Commission on Audit) audit, and a more transparent governance mechanism,” Mr. Guevarra told reporters on 19 Apr 21.
• Ms. Rufo has said that Maynilad does not expect its deal to be identical to Manila Water’s “because Maynilad is differently situated compared to Manila Water.”
• Maynilad is the water provider for 17 cities and municipalities in the West Zone of the Metropolitan Manila area, while Manila Water services 23 cities and municipalities in the East Zone.

External Link : https://www.bworldonline.com/maynilad-agrees-to-terms-similar-to-manila-water-deal/