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Manila Bulletin devider Business devider Manila Water investing P150-M for Davao project

Manila Water investing P150-M for Davao project

Published Feb 13, 2023 02:56 pm

Damosa Land Inc. (DLI), a Davao-based real estate firm of the Floirendo family, has signed a 25-year partnership with Manila Water Philippine Ventures, Inc. (MWPV) to develop and manage additional water facilities for Anflo Industrial Estate (AIE).

In a statement, Manila Water Company said MWPV will be investing at least P150 million for the development, financing, construction, operation, and management of the water system of AIE.

Damosa Land Inc. (DLI) signed a 25-year partnership with Manila Water Philippine Ventures, Inc. (MWPV) to develop and manage additional water facilities for Anflo Industrial Estate (AIE). MWPV will be investing at least PHP 150 million for the development, financing, construction, operation, and management of the water system of AIE.

Anflo Industrial Estate (AIE) is a 63-hectare property located in Panabo, Davao del Norte. It is DLI’s industrial development for trade and agriculture with 19 existing locators who are local and multinational companies from Japan, Austria, China, and the USA.

AIE services a variety of industries such as food processing, plastic packaging manufacturing, paper packaging assembly, and warehousing.

The partnership with MWPV brings in additional water facilities to be integrated into the existing system to meet the projected demand of 2.6 million liters of water per day.

“Damosa Land recognizes the importance of having a reliable water supply system for our locators to ensure efficient day-to-day business operations over a long period of time,” said Damosa Land President Ricardo Lagdameo.

He added that, “Our partnership with the MWPV helps us further accelerate our sustainable operations at the Anflo Industrial Estate and upraise the industrial segment of Davao for our current and future locators.”

MWPV, a business unit under Manila Water Company, explores potential projects in both water and environmental services with focus on geographic expansion given the increasing demand for sustainable water and used water solutions.

With extensive experience in the Philippine Water Sector from water treatment and distribution to wastewater management and sanitation services, MWPV expands their products and services in Mindanao.

“As we look for opportunities to expand our services beyond the East Zone of Metro Manila and Rizal Province, we look towards the growth in the Visayas and Mindanao regions,” said Manila Water Chief Operating Officer for International Businesses and Chief Administrative Officer Roberto Jose R. Locsin.

He added that, “It would be a great honor and privilege for us in Manila Water to fulfill this vision whether through serving them via industrial opportunities like the Damosa Land Industial Estate or through future opportunities within the Davao region where we can share our experience and expertise in water and wastewater management to the people of Mindanao.”

Related Tags

Manila Water Company Inc. Manila Water Philippine Ventures Damosa Land Inc.
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