BOI okays P13.3-B Apo Agua project

THE BOARD of Investments (BOI) has approved the application of joint-venture firm Apo Agua Infrastructura Inc. for its P13.3 billion-bulk water supply project in the city.

In a statement released this week, the BOI said the company’s bulk water supply was the biggest project that the board approved in January. With the board’s approval, the project is qualified to be granted with fiscal incentives.

The project is a joint venture of Aboitiz Equity Ventures and JV Angeles Construction Corp in partnership with Davao City Water District (DCWD).

The project, which is in Tamugan, Marilog District, is scheduled to be completed next year.

Apo Agua constructs the infiltration gallery, raw water transmission pipelines, water treatment plant and treatment water transmission pipelines. The DCWD will set up the reservoirs.

“Once it is completed, it could produce 109 million cubic meters fit for the water needs of the city,” said lawyer Bernardo D. Delima, DCWD spokesperson.

The project, he said, will serve as a main source of supply to temporarily rest the Dumoy production wells.

Apo Agua’s bulk water supply project also gained a nod and was granted with fiscal incentives in July last year by the Davao City Investment Incentive Board.

Throughout the country, renewable energy projects take up bulk of investments amounting to P27.43 billion that were approved by BOI last month followed by water and distribution at P13.87 billion.

The other projects that were approved by BOI included the three solar facilities of Solar Philippines Commercial Rooftop Projects, Inc., two in Cavite and one in Nueva Ecija, with a combined cost of P25.9 billion.

Cleangreen Energy Corp. is also setting up its P1.5 billion-biomass energy plant in Bulacan.

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