Clark Water

Clark Water Corporation, a subsidiary of Manila Water Philippine Ventures which brings water and used water services to Clark Freeport and the Clark Special Economic Zone, signed a P1.15 billion term loan granted by Rizal Commercial Banking Corporation (RCBC) to support business plans that will further improve services received by its customers as well as the influx of upcoming potential locators. The loan to be paid in 15 years will finance water and used water projects of the Company approved by Clark Development Corporation (CDC), the government arm that manages the Clark Freeport and Clark Special Economic Zone. In the opening of 2015, Clark Water has begun service enhancement projects such as building and commissioning new water sources like deep wells and infiltration wells, constructing of new water treatment and booster facilities, as well as storage tanks. Also, for additional water supply, the company is looking at tapping surface water. Within the next 10 years, Clark Water will expand its used water services in its concession area through the construction, reinforcement and replacement of new sewer lines as well as upgrading its used water treatment plant. The service provider's projects manifest both its commitment to provide clean, safe, reliable 24 by 7 water supply to the locators and its support to CDC's goal of making Clark Freeport the top haven and destination of choice of locators and investors. In Photo: Clark Water CEO Gerardo Ablaza, Jr. (4th from left) shaking hands with RCBC President Lorenzo Tan (3rd from left) during the ceremonial term loan signing. Also in photo are RCBC Executive VP Michelangelo Aguilar (1st from left), Manila Water Director and CFO Luis Juan Oreta (2nd from left), Clark Water President Virgilio C. Rivera, Jr. (5th from left), and RCBC Trust First Senior VP Lourdes Bernadette Ferrer.