Manila Water Company Inc. said Friday Tagum Water Company Inc. and the Tagum Water District signed an agreement to supply of bulk water to TWD for a period of 15 years.
Tagum Water is a joint venture between Davao Del Norte Water Infrastructure Co. Inc. and the TWD, with Davao Water owning a 90-percent equity interest and TWD holding 10 percent.
Davao Water is a joint venture between Manila Water and iWater Inc., in which Manila Water owns 51 percent of the issued and outstanding capital stock.
Manila Water in 2015 announced the awarding of the Tagum City Bulk Water Supply Project to the joint venture of Manila Water and iWater.
The project includes the construction and establishment of a water treatment plant with a capacity of 38,000 cubic meters per day.
Construction of the treatment will start early this year and is expected to be completed by 2018.
The project also involves the construction of a treated water transmission pipeline and a water reservoir with a 5,000 cubic meter capacity.