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4-Traders Homepage  >  Shares  >  PHILIPPINE STOCK EXCHANGE, INC.  >  Ayala Corporation    AC

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Ayala : Manila Water Joint Venture Wins Water Supply Project

07/28/2015 | 09:34pm US/Eastern
    By Cris Larano 
 

MANILA--Manila Water Co. (>> Manila Water Company Inc), the utility unit of conglomerate Ayala Corp. (>> Ayala Corporation), said Wednesday that one of its joint venture companies was awarded the water supply project for Tagum City, the capital of the southern Philippine province of Davao del Norte.

The project involves the construction of a 38,000 cubic meter a day water treatment plant, building a 5,000 cubic meters reservoir, and supplying Tagum City as much as 38 million liters of treated water per day for 15 years.

Manila Water and iWater Inc. formed a joint venture for the water concession. Manila Water has been expanding to other cities in the Philippines and around Asia to drive future growth.

Write to Cris Larano at cris.larano@wsj.com

Stocks mentioned in the article : Manila Water Company Inc, Ayala Corporation
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