January 08, 2015

AEV to finalize bulk water supply deal by 1Q15

According to the Businessworld, Aboitiz Equity Ventures Inc (AEV) in partnership with J.V. Angeles Construction Corp (JVACC) will sign a P10b bulk water supply project with Davao City Water City (DCWD) by March this year.

In a disclosure to the Exchange last June, AEV said the bulk water project will involve the construction of both a hydroelectric-powered bulk water treatment facility and conveyance system for the delivery of treated bulk water to numerous DCWD delivery points. The project will supply around 300 MLD of potable water to DCWD. Construction is expected to start by early 2016 with project completion targeted by 2018. - WealthSec