CEBU CITY, Philippines – PrimeWater Infrastructure Corp., whose name was dragged into alleged initiatives to ‘privatize’ the Metro Cebu Water District (MCWD), said that they do not engage in the ‘outright pur... CDNDigital
Under its joint development initiatives, “the company finances and implements the construction, development, and operation of critical infrastructure to support, supplement and enhance a local water system operator’s existing assets, the company does not in so doing engage in the outright purchase or full privatization of such assets,” PrimeWater said in a statement.
Rama has denied accusations by some members of the MCWD Board of Directors that he was endorsing the Villar group that owns PrimeWater to implement privatization plans. “As part of standard procedures, the team was later advised to send a formal letter of intent to the Metropolitan Cebu Water District , and in so doing, the company requested an opportunity to be furnished further data and information to confirm these requirements and to determine whether these potential joint development activities would be mutually feasible for all stakeholders involved,” the company said in a statement.
In a statement, she said that she was present when PrimeWater president Fe Rebancos asked the mayor about a “letter” to signal the start of the discussion on the company’s takeover during the breakfast meeting at the mayor’s residence last February 16.
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