DOJ: No reason for water companies to reject new deals

📆 08/01/2020 11:50 م
📰 manilabulletin

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Justice Secretary Menardo I. Guevarra said on Wednesday (Jan. 8) that water concessionaires Manila Water Company, Inc. and Maynilad Water Services, Inc. have no reason to reject the new contracts the government is drafting to replace the onerous provisions in the old agreements.

Guevarra said the new contracts will not favor the government but will address the needs of the public, adding it may take six months to finalize the new contracts with the two firms.

“Thus, I see no good reason why the water concessionaires will play hardball and induce the government to take extraordinary measures, like taking over their operations or nationalizing the water distribution service.”

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