Two months after the termination of its water supply deal with Cebu Manila Water Development Inc. (CMWDI) for 35 million liters of water per day, and a day before an interim deal expires, the Metropolitan Cebu Water District (MCWD) will sign a new water supply contract, this time with Manila Water Philippine Ventures for its Cebu North Bulk Water Supply Project.
Originally set for Tuesday, Jan. 30, 2024, the contract signing did not push through as scheduled in the afternoon, as both parties had yet to agree on the amendments to several provisions of the draft contract.
Early Tuesday night, however, Jose Daluz III, chairman of the MCWD board of directors, said the parties had come to an agreement and the contract signing would take place on Wednesday, Jan. 31.
Under the contract, Manila Water Philippine Ventures (MWPV) will supply 30,000 cubic meters (30 million liters) of surface water per day to MCWD for about 10 years at a price of P58 per cubic meter for the first five years, with an increase of 10 to 12 percent of this rate for the succeeding five years.