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Manila Bulletin devider Business devider Banking & Finance devider Maynilad taps IFC for sustainability, resilience advisory project

Maynilad taps IFC for sustainability, resilience advisory project

Published Jun 16, 2026 06:01 pm
Maynilad continues to optimize operations across its water treatment facilities to help ensure reliable water service and strengthen system resilience during the dry season.
Maynilad continues to optimize operations across its water treatment facilities to help ensure reliable water service and strengthen system resilience during the dry season.

Maynilad Water Services Inc. has tapped International Finance Corp. (IFC) for a $500,000 infrastructure advisory services project aimed at strengthening the west zone concessionaire’s sustainability and resilience strategy.

In a disclosure last Monday, June 15, IFC said the project was approved in September last year and started last November. It is scheduled to end by end-January next year.

The World Bank Group’s (WBG) private-sector arm said it signed an upstream engagement letter with Maynilad to help the company augment its strategy for sustainability and resilience.

The support will be provided through IFC’s Utilities for Climate (U4C) platform, covering capacity building on environmental and social standards, stakeholder engagement, gender, as well as advisory support for investments.

In November last year, IFC already disclosed that Maynilad will join its U4C network, giving the company access to global best practices and peer learning to accelerate innovation in climate-smart water service delivery.
IFC had also said it would support Maynilad in strengthening its environmental and social practices through capacity building aligned with IFC’s performance standards, enhancing stakeholder engagement, as well as developing a framework to promote greater participation of women in its workforce.

According to the latest IFC disclosure, the advisory support is expected to help unlock a long-term sustainable fundraising program to support Maynilad’s investment plan.

In particular, the project’s development objective is “enhanced sustainability and resilience of Maynilad’s service delivery.”

This builds on IFC’s investment in Maynilad’s initial public offering (IPO) last year.

To recall, IFC approved an equity investment of up to $100 million, in Philippine peso equivalent, as part of Maynilad’s IPO on the Philippine Stock Exchange (PSE).

According to IFC, the IPO proceeds were intended to support Maynilad’s water and wastewater capital expenditure (capex) program from 2025 to 2027, as well as general corporate purposes.

IFC had said part of the proceeds would support the expansion of wastewater service coverage, which is targeted to reach 100 percent by the end of this year.

Maynilad operates the largest water concession in the Philippines and Southeast Asia in terms of active connections as well as population served within a single concession area. It is the water and wastewater service provider for the west zone, which covers 11 cities in Metro Manila, including three cities it partially serves, as well as three cities and three municipalities in Cavite province.

Related Tags

International Finance Corp. (IFC) World Bank Group (WBG) Maynilad Water Services Inc. initial public offering (IPO) Philippine Stock Exchange (PSE) Metro Manila Cavite
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