Duterte to review recommendations on water contract with Maynilad, Manila water

Date:

Share post:

DAVAO CITY — President Rodrigo Duterte announced that he would be reviewing the recommendations on the water concession agreements with Manila Water Co. and Maynilad Water Services, saying he would be okay with the agreements as long as the concessionaires “payback” the consumers.

“I will review the contracts that are proposed by the government panel to the Ayala and the Pangilinan consortium. Ako, okay na ako basta mabawi lang ng pera ng tao even in installment . . . but you have to make some amends,” the President said during his televised address aired Friday morning.

The President said his outburst was triggered by an unjust collection of money from the Filipino people adding, however, that he is willing to forget it. He already apologized to the Ayalas and Pangilinan for his hurtful words.

“Nagkalma ako kasi whether I like it or not, water is very important in our lives. So okay na lang ako, but iyong nawala sa tao, kung ano ang nawala sa kanila, that has to be paid back, whether in installments over a period of years, but you have to return the money to the people,” he said. “Just give us a contract that is fair and also a fair return on the money of the people,” Duterte stressed.

The concessionaires may have their contracts in their liking, President Duterte said, but if not, then the government will proceed with the filing of cases.

But to achieve “equity and fairness”, the money should be returned to the people, he noted.

The Chief Executive branded the agreements with the water concessionaires as “onerous” and has ordered to craft new concession agreements with the two water companies.

The President warned that he would nationalize water distribution services should the water firms reject the new contracts without the onerous provisions.-PND

RIZAL MEMORIAL COLLEGEspot_img

Related articles

Assumption students remove Loren Legarda portrait, question alignment with school values

MANILA, Philippines (May 17)—In a deeply symbolic act of student dissent, students of Assumption College removed the...

OSG Opposes Dela Rosa plea; Warns against “Exceptional Privileges” for the powerful

MANILA, Philippines (May 17) — In one of the strongest legal statements yet issued by the government amid...

GenSan business leaders raise alarm over power instability during MinDA dialogue

GENERAL SANTOS CITY — Business leaders in General Santos City have raised growing concerns over persistent power instability...

Davao Eyes Economic Corridor Forum During ASEAN Innovation Summit

DAVAO CITY (May 16) — The City Government of Davao City is planning to host the Davao-Borneo Economic...