US EditionMaynilad, Manila Water Contracts Extended
- On June 18, 2025, the council formerly known as the NEDA Board, led by President Marcos, authorized a decade-long extension for the concession contracts of Maynilad and Manila Water.
- The contract period for the water companies has been prolonged by ten years, setting the new end date to January 21, 2047, in order to synchronize their agreements with the legislative franchises specified in Republic Acts 11600 and 11601.
- The ED Council also gave the green light to significant infrastructure initiatives, including a P5.1 billion project for the Liloan Bridge and a P27.7 billion program led by the Department of Agriculture to build 300 climate-resilient steel bridges across 52 provinces.
- Secretary Arsenio Balisacan stated that the extension supports coordinated policy and encourages long-term investments for clean and affordable water, with anticipated additional government revenue reaching P50.3 billion.
- The contract extension seeks to secure sustainable water supply, minimize tariff pressures, and support ongoing investments as Maynilad prepares a P37.41 billion IPO scheduled for July 3 to 9, 2025.
11 Articles
11 Articles
Marcos extends Maynilad, Manila Water agreements for 10 years
(UPDATE) PRESIDENT Ferdinand Marcos Jr. approved the 10-year extension of the concession agreements with Maynilad Water Services Inc. and Manila Water Company Inc., Malacañang said Thursday. Marcos, who chairs the Economy and Development Council, formerly known as the National Economic and Development Authority Board, gave the green light to the request of the Metropolitan Waterworks and Sewerage System to extend the Revised Concession Agreement…
Maynilad, Manila Water concession deals get 10-year extension
MANILA, Philippines – The Economy and Development (ED) Council, formerly the National Economic and Development Authority Board, approved the 10-year extension of Maynilad’s and Manila Water’s concession agreements. The ED Council on Wednesday, June 18, approved the request of the Metropolitan Waterworks and Sewerage System to extend the revised concession deals to ensure sustained access to water for Metro Manila. The extension will last from Ju…
Maynilad, Manila Water contracts extended
MANILA, Philippines — President Marcos on Wednesday approved the 10-year extension of contracts for Maynilad and Manila Water. This is to ensure sustained water supply services in the capital region and nearby provinces. At its inaugural meeting, the newly formed Economy and Development Council (EDC), chaired by Mr. Marcos, approved the request of the Metropolitan […]...Keep on reading: Maynilad, Manila Water contracts extended
Economy council okays 10-year extension of Maynilad, Manila Water concession deals
The Economy and Development (ED) Council, chaired by President Ferdinand "Bongbong" Marcos Jr., has approved the 10-year extension of the concession agreements with Maynilad Water Services Inc. and Manila Water Company Inc.
Coverage Details
Bias Distribution
- 83% of the sources lean Left
To view factuality data please Upgrade to Premium
