TACLOBAN CITY — The Leyte Metropolitan Water District (LMWD) has put off major projects next year to avert a possible higher rate adjustment.
Nestor Villasin, LMWD general manager, said they will need nearly P1 billion in capital investments to augment supply and replace old pipes.
To raise this amount, he said they will have to double rates to P30 per cubic meter.
But Mr. Villasin said they were not inclined to adjust rates because of the projected economic difficulties.
No rate increase
"There will be no adjustment next year. It’s not in our minds," Mr. Villasin assured. The water district, at present, charges P14.85 per cubic meter.
"Our system loss is high but we’ve been correcting this. Since we don’t have capital investment, what we’ve been doing is to maximize our production. That is why we are very particular with fixing leakages," Mr. Villasin told BusinessWorld. — Sarwell Q. Meniano
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