Monday, March 7, 2011

News Update Maynilad shows interest in investing in Bohol

BOHOL, Philippines (PIA) - With the urgency of putting up utilities to support to Bohol's development, Governor Edgar Chatto said exploratory talks with water supply investors for Bohol are on the initial stages.

He said Maynilad, a giant water concessionaire whose track record includes water and wastewater services provision for most parts of western Metro Manila has shown interest in investing in Bohol.

Speaking before the media in his weekly Kita Ug Ang Gobernador at the People's Mansion Friday, Chatto revealed that the first round of talks however did not include yet the local government units who may be affected by the developments.

The Maynilad team led by Chief Executive Officer Ricky Vargas, Senior Vice President (SVP) for Commercial and Business Patrick Gregorio, SVP for Water Supply, Mario Villasan, SVP for waste Management Julius Igesia and SVP for Marketing Services Patricia Hizon met with the governor at the People's Mansion Thursday evening, he said.

At the meeting, the plan to put up investments in water supply especially in developing Loboc and Abatan rivers as possible sources of potable water also facilitated a lively exchange of ideas, according to the governor.

The meeting which was accordingly attended by Vice Governor Concepcion Lim and Representative Erico Aumentado has Maynilad discussing about the proposal and on the viability as well as the possible impacts to the water quality the company would be getting.

Chatto, stressed that water supply provision for highly urbanized areas as well as Panglao has become a top priority to sustain the momentum of development in southwestern Bohol.

He said there is a need for Bohol to get reliable, good-quality and affordable potable water supply