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Maynilad Pouring in Over P30 B for Capex
The Philippine Star
|January 20, 2025
Maynilad Water Services Inc. is pouring in massive investments again this year as it pipelines more than P30 billion for capital expenditures.
"For this year, we're looking at anywhere from P30 billion to above P30 billion," Maynilad president and CEO Ramoncito Fernandez said.
He said the budget would be used primarily for the company's water and wastewater projects as well as support its non-revenue water reduction program.
To continue accelerating its service enhancement program, Maynilad earmarked more than P31 billion for capex in 2024, the biggest capital investment for the company since water services in Metro Manila were privatized in 1997.
This story is from the January 20, 2025 edition of The Philippine Star.
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