CEBU CITY, Philippines — Lawyers Marino Martinquilla and Rory Jon Sepulveda will be the Capitol’s representatives in the Joint Investment Agreement between the provincial government and Manila Water Consortium for the development of a bulk-water production system in Carmen town, northern Cebu.
The JIA was entered into by the province during Garcia’s earlier stint as governor in 2012. It has a 49-51 percent profit-sharing scheme, in favor of the private partner, for the development of the bulk water production facility which will be sourced from Carmen’s Luyang River. As representatives of the province, Sepulveda and Martinquilla will sit in the 5-member Board of Directors of the Cebu Manila Water Development Corporation.
Source: News Formal (newsformal.com)
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