Toward the end of 1997, Maynilad struggled to meet its service and financial obligations because of the Asian financial crisis and El Niño phenomenon. These events led to a string of financial, legal and regulatory disputes between Maynilad and MWSS.
In 2005, Benpres and Suez ceded management and control of Maynilad to MWSS. A competitive bidding was done by the Philippine Government the following year to re-privatize Maynilad.
DMCI-MPIC Water Company, a joint venture between Metro Pacific Investments Corporation (MPIC) and DMCI Holdings, Inc. (DMCI), won the competitive bidding and acquired 83.96 percent of Maynilad’s shares.
On January 24, 2007, the new owners took over Maynilad and launched an aggressive five-year investment program to rehabilitate the company and its operations.
In 2013, Marubeni Corporation of Japan acquired a 20 percent stake in DMCI-MPIC Water Company and became a strategic partner of the Metro Pacific-DMCI consortium.
Since re-privatization in 2007, Maynilad has spent over P100 Billion in capital expenditure projects to improve and expand its water and wastewater operations. As a result, more than 9.7 million people in the West Zone of the Greater Manila Area are now enjoying safe and reliable water supply, as well as enhanced sewerage and sanitation services.
The company will continue to focus on accelerating its wastewater investments, while ensuring the water supply of its current and future customers.
©2020 Maynilad Water Services, Inc.
MWSS Complex Katipunan Ave., Balara,
Quezon City, 1105, Philippines
Customer hotline: 1626
Cavite Toll-Free hotline:
1800-1000-WATER
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