Manila Water, Maynilad will not increase water rates in January 2020

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Metro Manila (CNN Philippines, December 10) – Metro Manila's water concessionaires will not implement higher charges in January 2020 despite the regulator's approval.

Manila Water Company, Inc. and Maynilad Water Services, Inc. have both agreed not to impose around P2 per cubic meter price hike from consumers amid ongoing talks with the government regarding their concession agreements.

"Tumutugon kami sa utos ni President Rodrigo Duterte na muling pag-aralan, pag-usapan ang ilang probisyon ng concession agreement," Manila Water CEO Jose Almendras said in a House hearing Tuesday.

[Translation: We heed to the order of President Rodrigo Duterte to review and further discuss some provisions of the concesison agremeent.]

Meanwhile, Maynilad counterpart Ramoncito Fernandez said they are "open" to delaying the implementation of hike but warned that this may impact water projects.

The House Committee on Good Government and Public Accountability is holding a public inquiry on the issue following the alleged "onerous" concession deals made by the water firms with the government.

Maynilad and Manila Water also said that they will no longer demand from the government a P10.8-billion compensation from the government in line with the ruling of the Singapore Permanent Court of Arbitration in November. The compensation was for charges that were not approved for 2013 to 2017.

READ: Maynilad, Manila Water will no longer demand P10.8-B compensation from gov’t after Duterte threat