President Duterte says the concession agreements with Manila Water Co Inc and Maynilad Water Services are “onerous and disadvantageous” to the public. Photo: Reuters
Repeal of water contracts in Philippines could complicate Chinese dam loan repayments: congressman
- The country’s water regulator has cancelled the 15-year extension of two concession deals after President Duterte rebuked two utility companies
- Lawmaker Carlos Zarate says this has resulted in higher water rates for Filipinos, and paying back the loan could see costs increase further
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The Philippines
President Duterte says the concession agreements with Manila Water Co Inc and Maynilad Water Services are “onerous and disadvantageous” to the public. Photo: Reuters
