Maynilad generates over 228k jobs in 10 years
March 02, 2017
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has generated approximately 228,000 jobs since its reprivatization in 2007.
Since Maynilad management was turned over to Metro Pacific Investments Corp. and DMCI Holdings, Inc. 10 years ago, the water company has invested almost ₱100 billion in rehabilitating and expand its water distribution network, upgrading facilities, and enhance wastewater services. These projects required the employment of more than 228,000 people to date, including those hired by contractors and suppliers that rely on Maynilad as their major client.
This year, the West Zone concessionaire earmarked ₱13.2 billion for its capital expenditure projects, which are expected to generate an additional 40,549 jobs.
Around ₱8.2 billion of Maynilad's 2017 CAPEX budget has been allotted to enhance water supply and pressure in the West Zone. Some ₱4 billion have been earmarked for Maynilad’s Non-Revenue Water (NRW) Management Program and Service Expansion Program.
Moreover, ₱5 billion of Maynilad’s 2017 capital investment will be spent for wastewater management projects, which include the construction of Sewage Treatment Plants (STP) and accompanying conveyance systems.
"Our infrastructure investments of the past 10 years not only provided reliable water and wastewater services to our customers, it also generated jobs for thousands of Filipinos in line with our bid to contribute to nation building, ” said Maynilad President and CEO Ramoncito S. Fernandez.
Maynilad is the largest private water concessionaire in the Philippines in terms of customer base. It is the agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone of the Greater Manila Area, which is composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon all in Metro Manila; the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite Province.