08 November 2012
The project that will ensure long-term water supply for Metro Manila and surrounding provinces, dubbed as the New Centennial Water Source Project, gets underway with the selection of a consortium of consulting firms led by Netherlands-based Rebel Group International BV as its transaction advisor. Funding for the hiring of transaction advisors will be sourced from the Project Development and Monitoring Facility managed by the Public-Private Partnership Center.
The New Centennial Water Source Project is the country’s first water project under the Aquino administration’s public-private partnership program.
The Metropolitan Waterworks and Sewerage System (MWSS) will implement the mega water project that is poised to meet the redundancy and reliability requirements of Metro Manila’s current water supply and act as back up to the almost 50-year old Angat Reservoir.
The New Centennial Water project will act as an immediate secondary water source aside from the Angat dam, ensuring a long-term water supply security for the Metropolis and other provinces near it. The MWSS derives 97% of its water from the Umiray-Angat-Ipo Water Systems stored at the Angat Reservoir.
The project will involve the construction of a dam, conveyance structure from the diversion point to the water treatment facility, the water treatment facility itself, and a hydropower facility as well as other auxiliary facilities necessary in the operation of the dam.
The Invitation to Bid for the project is expected to be published in May 2013.
The consultancy consortium led by the Rebel Group International BV, will primarily determine the viability of the project under the PPP scheme. When found viable, the firm will prepare the projects’ bid documents and provide advisory support to the MWSS during the bidding process until the financial close of the water project.
The consortium is led by the Rebel Group in association withRoyal Haskoning, PJS Law, Allen &Overy, and Crisil Risk and Infrastructure Solutions Ltd.