Manila Water secures P15 billion loan from Metrobank

Manila Water Company Inc. has secured a loan facility of up to P15 billion from Metropolitan Bank & Trust Company (Metrobank) to fund its capital expenditure projects and general corporate requirements.

The company has earmarked P95 billion for its 2023-2027 capex program, primarily for initiatives on water supply security, service accessibility, service continuity, and environmental sustainability.

Manila Water serves over 7.8 million customers across 23 cities and municipalities in Metro Manila's east zone and Rizal province.

For the nine months ending September, the utility and its subsidiaries borrowed P20.6 billion, mostly for working capital requirements, and repaid P15.59 billion in loans.

Residential households will see higher water bills in the first quarter of 2026 after the Metropolitan Waterworks and Sewerage System - Regulatory Office approved a rate hike.