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Manila Water Consortium has signed a Joint Investment Agreement with the Provincial Government of Cebu

Further to the disclosure dated February 3, 2012 on the award of a bulk water supply project in the province of Cebu to the Manila Water Consortium. Please be informed that the Manila Water Consortium has signed a Joint Investment Agreement ("Agreement") with the Provincial Government of Cebu represented by Governor Gwendolyn F. Garcia.
The Agreement established the commitment of the parties to jointly develop and operate a bulk water supply system that will supply 35 million liters of water per day to target areas in the province of Cebu. The Provincial Government of Cebu and the Manila Water Consortium shall form a joint venture company which will serve as a bulk water provider.

The term of the Agreement is 30 years, renewable for another 25 years.

Through this partnership, the parties seek to leverage on each other's key strengths and core competencies in the provision of world-class services to its customers and enhance sustainable development for the province.
- https://www.affordablecebu.com/
 

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"Manila Water Consortium has signed a Joint Investment Agreement with the Provincial Government of Cebu" was written by Mary under the Business category. It has been read 1773 times and generated 0 comments. The article was created on and updated on 21 March 2012.
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