Manila water expansion projects Philippines & Asia

Manila Water Company Inc (MWC) is the private operator of the east zone concession of the Metropolitan Waterworks and Sewerage System (MWSS) in Manila, Philippines. When MWSS was privatized in 1997, it was touted as the biggest water privatization in the world. MWSS was divided into two zones (east and west) and the management of each zone over 25 years, including financing for capital investments, was bidded out to two private companies. The International Finance Corporation (IFC), World Bank’s private sector arm, advised the privatization; it is now a major shareholder of MWC. Ten years hence, Manila Water has stretched its wings and ventured into ‘markets’ outside its concession, not only in the Philippines but also in the Asian region. International water companies have moved out or slowed down in Asia and the company has aggressive plans to fill in this gap and largely ‘untapped’ market.

FROM:
Corral, Violeta P. (Nov 2008), PSIRU: Manila Water expansion projects in the Philippines and Asia.

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