Maynilad Water Services Inc., a unit of the infrastructure holding firm of business mogul Manny Pangilinan, has increased its five-year investment cost to P70 billion from P50 billion to do more wastewater and sewerage projects.
David Nicol, the chief financial officer of Metro Pacific Investments Corp., said that the company is allocating a five-year capital expenditure of P70 billion, higher than the P50 billion the firm committed last year.
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