MWSS plans to own 60% of Maynilad

The Metropolitan Waterworks and Sewerage System (MWSS) is planning to take over an estimated 60 percent of the Lopez-controlled Maynilad Water Services Inc., just 3 percent less than what was originally proposed by Maynilad’s Amendment 2.

“The government’s ownership will not reach 70 percent,” MWSS Administrator Orlando Hondrade told The Manila Times during a break in an MWSS Board of Trustees’ meeting on Tuesday.