outbrain
Close  

Gov’t sets talks with water firms

/ 05:48 AM February 07, 2020

The government may begin next month the renegotiations with Manila Water Co. Inc. and Maynilad Water Services Inc. to revise their concession agreements.

Justice Secretary Menardo Guevarra said the draft agreement is almost ready, as government lawyers have received inputs from economic and financial experts.

ADVERTISEMENT

“Inputs on the financial and commercial provisions are now being incorporated in the draft. Once consolidated, we may start discussions with the concessionaires in March,” he told reporters on Wednesday.

President Rodrigo Duterte said the agreements had to be renegotiated because of what he described as “onerous provisions.”

FEATURED STORIES

Guevarra said the entry of billionaire Enrique Razon as a major shareholder in Manila Water has “no effect whatsoever” in the upcoming revision of the agreements.

Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: DoJ, duterte, Guevarra, Manila Water, Maynilad, Razon, water services
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.