DOJ: Gov’t not replacing water concessionaires

“In fact, let me tell you, just to show you that this review is acceptable: when we bid out the contract for the water concession in New Clark City, these onerous terms were not there. And yet, Manila Water bid,’’ the finance secretary said on the sidelines of Sulong Pilipinas Agribusiness Summit 2019 in Davao City.Dominguez said the review would be “a good signal to the rest of the investing community that people look at the interest of the nation as a whole.

Another provision allows the companies to pass on to consumers expenses not directly related to water distribution.In Manila, Guevarra acknowledged that the administration’s ultimatum to the two concessionaires had resulted in “temporary negative effects” in the business community. Former officials said the agreements signed in 1997 reflected the economic situation then when water distribution was not appealing to investors and the state-run Metropolitan Waterworks and Sewerage System was not delivering water to many residents of the metropolis.“That’s probably correct, but times have changed so you must change with the times,” Dominguez said.“At that time [in 1997], the Philippines was paying 700 basis points over the benchmark of 6 percent.

Amid the threats hurled by the President against them, Metro Manila’s water concessionaires are carrying on.Earlier this week, Maynilad chair Manuel V. Pangilinan reportedly said at a company gathering that his group would neither sell its business nor bow down to pressures to do so.

madaldal lang talaga si dutz.

Sana, sana lang, bukod sa 'renegotiation', mapangalanan din ang mga taong nakinabang sa mga kontrata na ito.

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