Manila Water Signs $100 Million, 18-Year Loan For ProjectsCecilia Yap
Manila Water Co., the utility serving half of the Philippine capital, said it signed a $100-million loan with the International Finance Corp.
The 18-year loan will fund the construction of water and sewerage treatment plants, Manila Water said in a disclosure to the stock exchange. It is the company’s fourth loan from International Finance since 2003 and is the longest the World Bank unit has provided to the Philippine water sector, Manila Water said.
-- With assistance from Norman P. Aquino.