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Razon firm also eyeing Capitol bulk water project

• GILBERT P. BAYORAN

A company owned by business tycoon Enrique Razon Jr. has also expressed its interest in investing in the bulk water project of the Negros Occidental provincial government, revealed Gov. Eugenio Jose Lacson yesterday.

Lacson said the executives of the Razon-owned firm who expressed their intention to join the Capitol Bulk Water Project, met with Provincial Administrator Atty. Rayfrando Diaz last week.

The Prime Infra of Razon has also engaged in Bulk Water Supply Projects, in tandem with a developers group in Metro Manila.

“So far, we have two investors interested in our bulk water project,” Lacson said.

He however said they will know how many companies are interested when there is already a call for bidding.

Executives of the Aboitiz Infra Capital, who earlier made a presentation to Gov. Lacson and Bacolod City Mayor Alfredo Abelardo Benitez, said the company will invest P2.8 billion for the Capitol bulk water project.

Diaz earlier disclosed that the bulk water project will tap surface water from the Embang River in Silay City and the Malogo River at the Victorias City – EB Magalona border.

He added that Embang River alone can supply 40 million liters per day (mld) while the Malogo River can supply a higher volume.

Bacolod City Mayor Alfredo Abelardo Benitez, in a press conference yesterday, disclosed that he was told by officers of the Bacolod City Water District (BACIWA) that they have three proponents that will be providing the water district with bulk water supply.

That’s the call of BACIWA, Maybe, they’re confident of their suppliers, three to four years down the line, Lacson said, when asked for his reaction.

While Bacolod City is very important or integral to this project, because the volume of water needed is far bigger than the rest of water districts, Lacson said “then, we just have to think some ways to make it also attractive, even Bacolod City is not around, which is very challenging, I might say.”

If BACIWA needs us within three to four years, where the Capitol Bulk Water Project be realized, the governor said they are still willing to supply them, as the proponents will be happy to do so, since Bacolod City is being considered as major consumer of this water.

We have to assure companies who invest here of profitability. If they see Negros Occidental is a good place to invest, because of the ROI (Return of Investment) is good, they will keep on coming back, Lacson said.*

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