ADB has invested $145 million in Maynilad Water Services, Inc. to enhance Metro Manila's water security and wastewater services through infrastructure improvements.

Target Information

The Asian Development Bank (ADB) has announced a significant investment of $145 million in Maynilad Water Services, Inc. This investment aims to enhance water security and improve wastewater services across Metro Manila. ADB stands out as one of the two lead cornerstone investors in Maynilad's initial public offering (IPO) on the Philippine Stock Exchange.

This capital infusion is strategically directed towards the development of a resilient water system within the Philippine national capital region, focusing on the expansion and modernization of water and wastewater infrastructure, which are vital due to the growing demands in the area.

Industry Overview in the Philippines

Water supply and sanitation issues have become increasingly pressing in the Philippines, particularly in Metro Manila, where rapid urbanization, economic development, and population growth have s