Maynilad Water Services Inc. and Korean state-owned firm K-Water have filed a P15-billion unsolicited proposal to develop and operate the water supply system for New Clark City, according to Bases Conversion and Development Authority President and CEO Joshua Bingcang.
Speaking at a press conference, Bingcang said the Public-Private Partnership Center received the proposal in October 2025, conducted a pre-assessment, and formally endorsed it to the BCDA on February 4.
He said the BCDA has 10 days to review the submission, which has already undergone initial technical and commercial evaluation by the PPP Center.
If approved, the project will be implemented through a concessionaire company, with the BCDA holding a 30 percent stake. Maynilad will also own 30 percent, while K-Water will take the remaining 40 percent, Bingcang said.
Maynilad currently supplies New Clark City under a one-year interim contract that began in 2025, covering the city’s early-stage water requirements.
Bingcang said current demand stands at about 30 million liters per day and is expected to climb to 150 million liters per day once the city is fully developed and operational.
Upon acceptance by the BCDA, the unsolicited proposal will be subjected to a Swiss challenge, allowing rival bidders to match or better the offer.
Bingcang added that K-Water plans to deploy underground dam technology, designed to store water during the rainy season and release it during dry months, strengthening long-term supply security for the emerging Clark-based metropolis.
The project is seen as critical infrastructure for the planned government, commercial, and residential hubs in New Clark City, aligning with the state’s push to crowd in private capital while accelerating utilities delivery in fast-growing economic zones nationwide development ambitions and long-term growth.
