Concessionaires agreed to waive arbitral award and terminate all related proceedings against the government
Department of Justice (DOJ) Secretary Menardo Guevarra on Tuesday said two water concessionaires agreed to officially waive their arbitral award and terminate all related proceedings against the Philippine government under their earlier deals.
In a message to newsmen, Guevarra also said “the MWSS (Metropolitan Waterworks and Sewerage System) and Maynilad Water Services Inc. (MWSI) are ready to sign their revised water concession agreement today (Tuesday)”.
“Like the other concessionaire, Manila Water Co. Inc. (MWCI), “Maynilad will also sign an official waiver of its arbitral award to terminate all related proceedings,” he added.
The revised concession agreement between the MWSS and Maynilad contains essentially the same terms as those in the recently signed deal between the MWSS and Manila Water company, Guevarra said. READ MORE
May 19, 2021,
MANILA – Metropolitan Waterworks and Sewerage System (MWSS) Chairman and Acting Administrator Reynaldo V. Velasco said the new concession agreement between the government and the Maynilad Water Services, Inc. is “a big step towards water supply security”.“It’s a win-win… Read More
Categories: PRESIDENT RODRIGO R. DUTERTE