Saturday, September 16, 2017

INWD, Prime Water Corp. joint venture looms

LAOAG CITY—The government-owned Ilocos Norte Water District (INWD) is considering a possible joint venture with Prime Water Corporation (PWC).

Prime Water Corporation is water distribution system company based in Metro Manila.

INWD general manager John Teodoro confirmed this as a proposed public and private partnership agreement which is expected to improve water supply in the province.

With the on-going infrastructure developments in the province, Mr. Teodoro said it is high time to consider this joint venture with a private company.

As of this posting, Mr. Teodoro reported about 90 percent of the 132 permanent and job order employees may probably consider to transfer with Prime Water once the agreement will be finalized.

This is because the private party offers better compensation and benefit packages to its employees.

As part of the government-owned and controlled corporations (GOCC) of the Philippines, INWD will still regulate the activities of the private group.

Since 2013, PWC has started dialogues with the INWD management on the proposed project. 

Over the years, Ilocos Norte residents enjoy low water rates due to INWD’s excellent water delivery service and management. 

With limited government resources, however, the INWD management said it is now ready to embark on latest innovations on water developments to keep up with the change of time. (Leilanie G, Adriano)

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