MANILA — President Rodrigo Duterte wants to "renegotiate" some provisions of the government's concession agreement with Manila Water and Maynilad, the Department of Justice said Tuesday, adding the government will "resist" paying P10.8 billion in compensation to the utilities.
Duterte was "riled up" over many expenses that "seem to be passable" to consumers, including interest charges for the loans of Maynilad and Manila Water, business taxes, payment to arbitrators, and penalties for failing to set up wastewater treatment facilities, he said. "The President said gusto niyang makausap iyong 2 concessionaires, as well as iyong government lawyers and officials who negotiated with the concessionaires," he told radio DZMM.
The Singapore-based Permanent Court of Arbitration earlier ordered government to pay P3.4 billion to Maynilad and P7.4 billion to Manila Water as compensation for losses the water concessionaires incurred due to denied rate increases.
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