Manila Water Inks 25-Year Lease with PEZA

Manila Water Philippine Ventures Inc. (MWPV), a wholly-owned subsidiary of Manila Water Co. Inc. (PSE: MWC), signed a 25-year lease agreement with the Philippine Economic Zone Authority (PEZA).

Pursuant to the agreement, MWPV will lease, operate, and manage the water and used water facilities of PEZA in the Cavite Special Economic Zone for the provision of water and used water services to the locators therein. MWPV shall apply its expertise in industrial zones operations and shall provide capital expenditures for the duration of the agreement.

The Cavite Special Economic Zone is a 275-hectare industrial estate with 297 locators consuming approximately 0.35 million cubic meters per month (12 million liters per day).

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