Maynilad signs P10-b loan deal with Metrobank

West zone concessionaire Maynilad Water Services Inc. said Thursday it secured a P10-billion loan from Metropolitan Bank & Trust Co. to fund its 2024 capital expenditures.

Maynilad said it remains committed to optimizing water management, enhancing service quality and building a more resilient water sector in the Philippines. The loan proceeds will be strategically allocated to various initiatives to improve water services for its over 10.3 million customers. A significant portion of the loan will also tackle non-revenue water, water lost through leaks or unauthorized connections. This will ensure a more efficient water distribution system.

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