Manila, November 7 (RKI) – The Asian Development Bank (ADB) has announced a $145 million investment in Maynilad Water Services, Inc. to enhance water security and upgrade wastewater management infrastructure across Metro Manila.
As one of two lead cornerstone investors in Maynilad’s initial public offering on the Philippine Stock Exchange, ADB said the investment aims to modernize and expand water and wastewater systems in the Philippine capital region, ensuring reliable and sustainable access to clean water.
ADB noted that changing rainfall patterns, rapid urbanization, economic growth, and population pressure have led to water shortages and sanitation challenges, particularly in low-income and densely populated communities.
The bank said its investment will enable Maynilad to expand water supply coverage by increasing treatment capacity, reducing system losses, and upgrading distribution networks. It will also support improved sewerage and sanitation through new sewer lines, lift and pump stations, interceptor systems, and upgraded treatment facilities.
Maynilad Water Services is one of two private concessionaires authorized by the Metropolitan Waterworks and Sewerage System (MWSS) to manage water and sewerage operations in Metro Manila. The project is part of ADB’s broader effort to promote climate-resilient and inclusive infrastructure development in the Asia-Pacific region.
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