*on buyback* Metro Pacific Investments Corp.
1-21

Maynilad spends P23B to expand sewerage coverage

MAYNILAD WATER Services, Inc. said it had spent around P23.3 billion in expanding its sewerage coverage to reach 20% of its Metro Manila west zone coverage area as of end-2018 from only 6% in 2007 when it took over the water concession from the government.

“Increasing sewerage coverage by just one percent requires an average investment of about P1.6 billion, so the level of investment to enhance the wastewater infrastructure is huge. Nevertheless, this is something we have to do to ensure environmental sustainability,” said Maynilad President and Chief Executive Officer Ramoncito S. Fernandez in a statement during the weekend.

The investment went into the construction of new wastewater treatment facilities and rehabilitation of existing ones, acquisition of new vacuum trucks for septic tank cleaning, and installation of new sewer lines, among others, the company said.

“We have a road map towards the attainment of 100% coverage by the end of the concession period, and we are working with our government partners to facilitate completion of our sewerage projects despite right-of-way conflicts, permit issuance delays, and lot acquisition issues,” Mr. Fernandez said.

Maynilad operates 19 sewage treatment plants, two sewage and septage treatment plants, and one septage treatment plant with a combined treatment capacity of an estimated 662,000 cubic meters of wastewater per day.

Maynilad, the largest private water concessionaire in the Philippines in terms of customer base, said it is building additional wastewater treatment facilities in Valenzuela, Cavite City, and Tunasan and Cupang in Muntinlupa.

Once completed in 2020, Maynilad will be able to increase sewerage coverage in the west zone to 26%, it said.

“Meanwhile, areas that are not connected to Maynilad’s sewer network are being provided septic tank cleaning services,” the company said.

Maynilad serves certain portions of the cities of Manila, Quezon and Makati. It also covers Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas and Malabon in Metro Manila.

Outside the Philippine capital, it serves the cities of Cavite, Bacoor and Imus, and the towns of Kawit, Noveleta and Rosario, all in Cavite province.

Maynilad is an agent and contractor of state agency Metropolitan Waterworks and Sewerage System for the west zone of the greater Manila area.


source: https://www.bworldonline.com/maynilad-sp...-coverage/


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2-6

MPIC not giving up on MRT-3 takeover proposal

METRO PACIFIC Investments Corp. (MPIC) said its unsolicited proposal for the takeover of the Metro Rail Transit Line 3 (MRT-3) still stands, despite the decision of the Department of Transportation (DoTr) to tap Japanese contractors as its maintenance provider.

“Technically the original proponent status (OPS) still exists. I think it’s best we just wait word from the government, kung ano bang plano nila [on what they plan to do],” MPIC Chairman Manuel V. Pangilinan told reporters on Friday.

In 2017, the DoTr gave the consortium which includes MPIC, Ayala Group and Macquarie Infrastructure Holdings (Philippines) Pte. Ltd. the OPS for its unsolicited proposal to operate and maintain the MRT-3. Metro Pacific Light Rail Corp. currently has the concession to operate the Light Rail Transit Line-1 (LRT-1).

In December, the DoTr signed a contract with Japan’s Sumitomo Corp. and Mitsubishi Heavy Industries, Ltd. (Sumitomo-MHI) to take over the MRT-3’s maintenance.

MPIC President and Chief Executive Officer Jose Ma. K. Lim told reporters in a Jan. 24 chance interview they may need to tweak their MRT-3 proposal in light of recent events.

“Our proposal is still live. But we understand they’ve gone ahead to contract the rehabilitation with the Japanese firms. So we would probably have to reconfigure our proposal as an O&M (operations and maintenance). But we have not received official word from them on how they want to do it. So so far, we’re not doing anything. We’re just waiting for them,” he said.

Mr. Lim noted, however, they are just “waiting for (the DoTr) to decide.”

“The interest has always been its connection to LRT-1… So if anyone can run that efficiently, it would be us,” he added.

But Mr. Pangilinan said should the government propose an arrangement that is not viable for MPIC, they’re willing to give it up.

“It’s best that we wait na lang for the government direction… Then let’s see, we can take it from there. If it’s not viable for us, we just have to tell them we’re giving up our OPS,” he said.

Transportation Secretary Arthur P. Tugade had earlier said he wants the MRT-3 operator to have a proposal that is “lock, stock and barrel” and includes equity and loans as part of the package.


source: https://www.bworldonline.com/mpic-not-gi...-proposal/


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2-7

NLEX Harbor Link Segment 10 to open by end-Feb.

AFTER a two-month delay, NLEX Corp. said it is looking to open the North Luzon Expressway (NLEX) Harbor Link Segment 10 before the end of February.

Manuel V. Pangilinan, chairman of NLEX parent company Metro Pacific Investments Corp. (MPIC), told reporters last week the toll road is almost ready for operations.

“We hope to open the Segment 10 from Valenzuela City all the way to the harbor area this month. I think we’re just waiting word from Malacañang as to the availability of the President (Rodrigo R. Duterte)… We’d like to open this month sana [hopefully],” he said on Friday.

The NLEX Harbor Link Segment 10 main line is a 5.6-kilometer elevated toll road that will connect Karuhatan, Valenzuela City to C3 road in Caloocan City. It will also have a 2.6-kilometer spur road from C3 to Radial Road 10 (R10) in Dagat-Dagatan, Navotas City.

Last month, MPTC Chief Financial Officer Christopher Daniel C. Lizo told reporters the spur road to R10 is targeted to finish in December 2019, with available right of way already reaching about 90%.

“To R10, (opening is in) December… (Right of way for R10 is now) maybe 90%,” he said when asked for an update.

The P15.55-billion project, according to the Department of Public Works and Highways (DPWH) website, is expected to reduce travel time from Valenzuela City to R10 to a little over 10 minutes from the current 25 minutes once completed. At least 30,000 cars are expected to benefit from the toll road every day.


source: https://www.bworldonline.com/nlex-harbor...y-end-feb/


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BPITrade Price Target = 7.40
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Makabili sa 4.78
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