News

Prime Infra is reinforcing its leadership in the water sector by consolidating two of its key assets through Manila Water’s acquisition of WawaJVCo—under a unified platform to deliver fully integrated, end-to-end water services. 

The transaction was outlined through a binding term sheet executed on June 27, wherein Manila Water, a Prime Infra company, will acquire and assume operational control of fellow Prime Infra subsidiary WawaJVCo.

“This transaction underscores Prime Infra’s strategic commitment to the water sector. By consolidating our assets under Manila Water as our core water infrastructure platform, we are enhancing system integration, operational efficiency, and service delivery,” said Prime Infra President and CEO Guillaume Lucci. “This consolidation allows us to unlock greater value from our portfolio and strengthens our position as a leader across the entire water value chain.”

WawaJVCo was established by Prime Infra to develop and operate the Wawa Bulk Water Supply Project, a landmark infrastructure initiative designed to augment Metro Manila’s raw water supply. Its portfolio includes the Tayabasan Weir, with a capacity of 80 million liters per day (MLD) and in operation since October 2022, and the Upper Wawa Dam, the largest new water source in over 50 years, offering a yearlong supply capacity of up to 710 MLD.

With this consolidation, Prime Infra-led Manila Water will operate both the Tayabasan Weir and the Upper Wawa Dam, ensuring technical compatibility, system efficiency, and more flexible resource allocation. The Upper Wawa Dam is slated to begin commercial operations in December 2025 and will benefit over 700,000 households or approximately 3.5 million Filipinos.

Prime Infra acquired a controlling interest in Manila Water in 2021, establishing a foundation for long-term growth and modernization in water infrastructure. This consolidation further amplifies that commitment, positioning Prime Infra to deliver more resilient, efficient, and sustainable water services across the region.