Water firms ‘lied about unrecovered investments’

The claim of water concessionaires Maynilad Water Services Inc. and Manila Water Company that consumers should pay them billions of pesos worth of “unrecovered investments” in the next five years is, at the very least, a lie, according to the group Water for All Refund Movement (WARM).

Maynilad is claiming P67 billion and Manila Water P41 billion in unrecovered investments and wants the Metropolitan Waterworks and Sewerage System [MWSS] to include those amounts in its rate rebasing period from 2013 to 2017.