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On 15 May 2015, Metropolitan Waterworks & Sewerage System (MWSS) Regulatory Office approved rate adjustments for Manila’s water utility concessionaires. Manila Water Company Inc. faces a 2.42% tariff reduction (PHP0.63/m3). Maynilad, on the other hand, will implement a 4.19% (PHP1.35/m3) tariff increase. These adjustments are the net effect of delayed inflation indexing, provisional increases, and arbitration between MWSS and Manila Water over the last three years.
This latest revision marks a turning point in terms of market maturity for Manila, as it is the first significant tariff decrease the MWSS has implemented since private concessions were first awarded in 1997.
Bluefield Takeaways
- Tariff shifts underscore maturity of Manila concessions
- Manila NRW reduction reaches limits, experience leveraged abroad
- Bulacan, Visayas tenders come to the fore as growth drivers
