BACOLOD CITY, May 30 (PNA) — The Bacolod City Water District (BACIWA) is eyeing for a public-private partnership (PPP) agreement to improve its services and resolve its losses for over a decade.
BACIWA Board of Directors Chairman Lawrence Villanueva said they are now looking for possible partner agency to initiate the proposed plan.
He then clarified that BACIWA will never be privatized and there is no standing agreement yet with Maynilad on their proposed partnership.
Villanueva said the negotiation is still on the process and they can reject Maynilad’s proposal anytime if they find it disadvantageous.
According BACIWA Board member Lorendo Dilag, the water firm’s non-water revenue losses has reached P2-billion from 2003 to 2012, while its net revenue was only P289-million.
In 2003, Dilag said BACIWA’s net loss was 35 percent or P91-million, while its net income was only pegged at P37-million.
In 2012, Dilag said the water firm’s net loss worsen to 47 percent or P346-million against its net income of P22-million.
Based on their computation, another BACIWA Board member Marichi Ramos disclosed that the water firm is incurring between P30-P50 million non-revenue water losses a month and countermeasures like PPP can hopefully address the problem.
Ramos also said their previous loan amounting to P580 million foresees 80 percent coverage but the firm only managed to serve 50 percent of the city’s population.
She added that BACIWA could no longer afford to handle the in-house non-revenue water program because it failed to deliver its promise to cover 80 percent of the city’s population after ten years. (PNA)