CEBU CITY, Philippines — The joint investment agreement between the Capitol and Manila Water Consortium, Inc. is officially revoked.
Last August 29, Garcia issued a Notice of Breach to Manila Water as her consultants pointed out five alleged “unauthorized changes” in the terms of the JIA. She gave the firm 90 days, or until November 27, to cure the breaches.“Despite the Notice of Breach/Default itemizing the serious and material breaches committed, Manila Water Consortium Inc. has failed to cure the same to the satisfaction of the Province of Cebu,” Garcia said in the notice of breach dated December 10, 2019.
The project now supplies 35 million liters of water to the Metro Cebu Water District daily pursuant to a 25-year contract entered into in 2015.