DBP, MWSI ink P6-B loan pact

MANILA, Philippines - State-owned Development Bank of the Philippines (DBP) and Maynilad Water Services Inc. (MWSI) signed yesterday a P6-billion term loan agreement to partially finance MWSI’s sewerage project.

The loan will specifically form part of the financing to be used by MWSI’s Parañaque-Las Piñas Sewerage System.

DBP’s loan to MWSI is made possible through a funding provided by the Japan International Cooperation Agency (JICA) under its Environmental Development Project (EDP).

DBP said the project involves the construction of a sewage treatment plant and sewer collection system.

The project, it said, will also adopt a combined sewerage network with sewage interceptors to capture sewage from the drainage of the two cities prior to discharge to the Parañaque River. 

The project is also part of MWSI’s commitment to establish sewage treatment plants with a total capacity of 435 million liters per day.

It is expected to serve about 1.8 million people within its concession area. 

The proposed Parañaque-Las Piñas sewerage facility will initially contribute 77 million liters per day to the total capacity.