Billionaire Razon, Manila Water to form dam joint venture: MWSS


Posted at Mar 18 2019 07:47 AM | Updated as of Mar 21 2019 04:54 PM

MANILA -- Manila Water will soon sign a joint venture agreement with billionaire Enrique Razon for a new dam, as tens of thousands in the Philippine capital grapple with a water crisis, a regulator said Monday.

Water concessionaires in Metro Manila are working on both long term and short term solutions to increase water supply in Metro Manila, said Metropolitan Waterworks and Sewerage System Administrator Reynaldo Velasco.

The dam will have a capacity of 500 million liters per day, Velasco told a hearing at the House of Representatives. The joint venture will include San Lorenzo Development, he said.

Velasco did not say where the new reservoir will be located.