{"id":28650,"date":"2014-10-11T15:01:26","date_gmt":"2014-10-11T07:01:26","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=28650"},"modified":"2014-10-12T11:05:27","modified_gmt":"2014-10-12T03:05:27","slug":"boracay-water-signs-p650m-loan","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/10\/11\/boracay-water-signs-p650m-loan\/","title":{"rendered":"Boracay Water signs P650M loan"},"content":{"rendered":"<figure id=\"attachment_500\" aria-describedby=\"caption-attachment-500\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/01\/BORACAY-Wikipedia.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-500\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/01\/BORACAY-Wikipedia-300x200.jpg\" alt=\"Boracay Island. Photo by Angelo Juan Ramos.\" width=\"300\" height=\"200\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/01\/BORACAY-Wikipedia-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/01\/BORACAY-Wikipedia-1024x682.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-500\" class=\"wp-caption-text\">Boracay Island. Photo by Angelo Juan Ramos.<\/figcaption><\/figure>\n<p>MANILA \u2013 The Boracay arm of Ayala-owned Manila Water Co. Inc. has signed a P650-million loan agreement yesterday to finance its capital expenditures with a local bank.<\/p>\n<p>Boracay Island Water inked a third omnibus loan and security agreement with Security Bank. The latter agreed to finance the company in order to fulfill its service obligations in Aklan province.<\/p>\n<p>The loan would be used to finance a major water infrastructure for the island. According to Boracay Water general manager Ben Manosca, the said project includes a 5.5 kilometer transmission line that will run from the water source in Nabaoy to the water plant in Caticlan.<\/p>\n<p>\u201cThis will increase the water supply capacity in preparation for summer and the (holding of the) Asia Pacific Economic Conference 2015 in Boracay,\u201d he said.<\/p>\n<p>Boracay Water was launched in 2009 under an agreement with Manila Water and the Tourism Infrastructure Authority and Enterprise Zone Authority (TIEZA). It serves water to Manoc-Manoc, Balabag, and Yapak in Boracay Island.<\/p>\n<p>The company plans to build a new sewer network as well as a new sewage treatment plant.<\/p>\n<p>Currently, it serves 5,600 customers in the island. There are also talks about possible expansion. As a matter of fact, they are preparing for the construction of P298 million sewer network for Brgy. Manoc-Manoc and its surrounding areas.<\/p>\n<p>Aside from these, there will be additional 14 lift stations to be built to augment the functions of the existing ones.<\/p>\n<p>Manosca added that the newest sewage treatment plant (STP) which will also be located in Brgy. Manoc-Manoc will be able to treat about five million liters of wastewater every day.<\/p>\n<p>The company will finalize the design of the STP and construction will start in December.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 The Boracay arm of Ayala-owned Manila Water Co. Inc. has signed a P650-million loan agreement yesterday to finance &hellip;<\/p>\n","protected":false},"author":44,"featured_media":500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[2747],"class_list":["post-28650","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-boracay","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/28650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=28650"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/28650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/500"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=28650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=28650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=28650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}