Manila Water is investing P1.2 billion over the next three years for the improvement of the water distribution systems in Laguna and Boracay.

In an interview with reporters, MWC chief finance officer Luis Juan Oreta said they are spending P200 million a year each for their water distribution systems in Boracay and Laguna for the next three years.

Oreta said Manila Water, through Laguna Water Company Inc. (a new subsidiary and joint venture with the Provincial Government of Laguna) is targeting to make 360,000 connections in five years for Laguna although they have only made 1,200 new connections so far.

He said only about 20 percent or 120,000 households are connected to their water distribution system in Laguna out of the 600,000 households. Overall target is to connect 80 percent or 480,000 by the fifth year.

The joint venture is developing and operating the water supply system of the city of Sta. Rosa and the municipalities of Biñan and Cabuyao in Laguna province.

It is operating under a concession agreement framework where Laguna Water has a 25 year exclusive right, renewable for another 25 years, to service the water requirements of Cabuyao, Sta. Rosa and Biñan as agent and contractor of the Province.