Manila Water unit signs P1.53-B loan with BPI for Clark Water projects

ABS-CBN News

<p>MANILA — Manila Water Company Inc said on Thursday its subsidiary Clark Water Corp signed a loan with the Bank of the Philippine Islands to partially finance its projects, among others.</p><p>Clark Water Corp, a subsidiary of Manila Water through the Manila Water Philippine Ventures Inc, inked a P1.53-billion 10-year loan facility with BPI, Manila Water said in a disclosure to the stock exchange. </p><p>&quot;The proceeds of the loan will be used to partially finance Clark Water&#x27;s projects and pay its service concession obligations,&quot; it said.</p><p>The Enrique Razon-led firm in February said it <a href="https://news.abs-cbn.com/business/02/17/23/manila-water-eyes-spending-p833-million-to-expand-services-in-rizal">plans to spend</a> P833 million for projects slated for implementation in 2023.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/05/23/23/maynilad-manila-water-cant-pass-income-taxes-to-consumers-sc">Maynilad, Manila Water can&#x27;t pass income taxes to consumers: SC</a></li>	<li><a href="https://news.abs-cbn.com/business/03/28/23/mwss-says-metro-manila-has-enough-water-supply-for-2023">MWSS says Metro Manila has enough water supply for 2023</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2470529" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Manila Water Company Inc said on Thursday its subsidiary Clark Water Corp signed a loan with the Bank of the Philippine Islands to partially finance its projects, among others.

Manila Water unit signs P1.53-B loan with BPI for Clark Water projects | ABS-CBN

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Manila Water unit signs P1.53-B loan with BPI for Clark Water projects

Manila Water unit signs P1.53-B loan with BPI for Clark Water projects

ABS-CBN News

Published Jun 29, 2023 09:12 AM PHT

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BPI

Manila Water

Enrique Razon

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loan

loan facility

water projects

Clark Water Corp

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