A private corportion will take over the management and operations of the Metro Iloilo Water District (MIWD), Iloilo City’s main water distributor.
Engineer Arnold Laurente, chairman of MIWD’s joint venture selection committee, said the water district will be handled by Metro Iloilo Water (MIW) starting in June this year.
MIW is a joint venture corporation established by MIWD and Metro Pacific Water (MPW), a wholly-owned subsidiary of businessman Manuel V. Pangilinan-led Metro Pacific Investment Corp. (MPIC).
In Dec. last year, MIWD and MPW inked a 25-year joint venture agreement (JVA) for the rehabilitation, expansion, and improvement of the water distribution system and wastewater management facilities.
According to Laurente, the obligations of MIWD, under the contract, will be transferred to MIW.
“Sila na ang magaconduct sang meter reading, macompute sang bill, madeliver sang bill kag macollect sang bill. Then if there are complaints about sa connection, you have no longer to call MIWD but you have to call the new service operator which is MIW,” he said.
One of the requirements for the transition of MIWD operation to MIW, all MIWD consumers are required to accomplish the new Water Service Contract that will transfer their water service connections to the new JV corporation.
MIWD started its campaign for the transfer of the water service contract last month.
To date, 25 to 30 percent of the 40,000 concessionaires transferred their contract to MIW.
Amarylis Josephine Castro, MIWD’s Finance Department manager, said MPIC controls 80 percent stake in MIW while MIWD owns 20 percent.
She assured that MIWD has a seat at the board and involved in all major decisions to be made by the JV corporation.
She cited, for instance, the move to increase water rates.
“Indi basta basta makapasaka ang water service provider sang water rates. It has to pass the approval sa water district then ipasaka pa na sa LWUA,” Castro explained.
MIWD will monitor the performance of its partner to ensure the attainment of the service level obligation.
“Kon indi sila ka meet sina i-penalize heavily. There is a provision in our contract that new corporation will be penalized if [it fails to deliver],” said Castro.
MIW is the second JV corporation formed by MIWD and MPIC.IMT