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Manila Water Co. reported that it expanded capital expenditures last year by 28 percent to P13.7 billion from the record P10.7 billion spent in 2020 despite the continued challenges posed by the COVID-19 pandemic. “This is the highest CapEx record since the privatization of water service in the
MANILA - Manila Water posted a record high PHP13.7 billion capital expenditures (CapEx) in 2021, surpassing the PHP10.7 billion recorded in 2020. "This is the highest CapEx record since the privatization of water service in the East Zone in 1997," Manila Water spokesperson Jeric Sevlla Jr. said in a statement on Wednesday. He said the increase in capital expenditures was achieved "despite the continued challenges posed by the Covid-19 pandemic." Major components of the investment are the construction of new facilities and networks to expand service coverage, rehabilitation ...
Manila Water said its capital expenditures (capex) in 2021 reached P13.7 billion, topping the P10.7 billion record in 2020, despite the challenges posed by the Covid-19 pandemic. The company said the figure is the highest capex record since the privatization of water service in the East Zone in 1997. In…