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« Vietnamese businesses get a little Seoul | Main | Poor infrastructure hurts manufacturers »

May 15, 2007

Philippines: Government turns down Ayala-led multibillion-peso project in Cebu

Source: The Manila Times

By Darwin G. Amojelar, Reporter

A CONSORTIUM led by Manila Water Co. Inc. (MWCI) failed to secure government support for its bid to supply water in the central province of Cebu, documents obtained by The Manila Times showed.

Costing about P2 billion, the Cebu Carmen Bulk Water Project is an unsolicited build-operate-transfer (BOT) venture involving the construction of a 30-kilometer pipeline for the province's water supply. It is Ayala family-led MWCI's first venture outside the East zone concession of the Metropolitan Waterworks and Sewerage System (MWSS).

Full Story...

Posted by pichu at May 15, 2007 12:52 AM