Water rates in Clark down by P1

The state-owned Clark Development Corp. (CDC)  has cut the cost of water in Clark Freeport by P1 per cubic meter effective Sept. 1., making the rates  one of the cheapest in Central Luzon, an official said.

Aside from agreeing to revise the water tariff, the Ayala-led Clark Water Corp. (CWC) also committed to infuse P1 billion in 2015 and P6 billion in the next five years to improve and expand its facilities in this 4,400-hectare free port, which hosts  Clark International Airport, CDC president Arthur Tugade said in a media briefing on Friday.

Tugade said this was the first time that water rates in Clark are being reduced.

Jesus Laigo, CWC chief operating officer, said the utility had spent P1.4 billion in capital expenditures since 2000, enabling it to produce 30 million liters of water daily for 1,975 customers of which 375 are commercial and industrial establishments. Tonette Orejas, Inquirer Central Luzon