News Column

Philippines : JVACC-AEV Consortium bags DCWD contract for bulk water project

June 24, 2014

The Davao City Water District (DCWD) has issued a notice of award (NOA) to JVACC-AEV Consortium to fund, build and operate a bulk water project for Davao City.

JVACC-AEV Consortium is the joint venture between Aboitiz Equity Ventures Inc. and J. V. Angeles Construction Corp.

Aboitiz Equity while filing at the Philippine Stock Exchange said that the contract calls for the design, financing, construction and operations.

AEV said, The JVACC-AEV Consortium will have to comply with the requirements in the NoA before the Joint Venture Agreement with DCWD can be executed.

In May 2013, Aboitiz Equity and J. V. Angeles signed a memorandum of understanding to supply DCWD with potable water for various service areas in Davao, signaling the entry of Aboitiz Equity in the bulk water business.

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Source: TendersInfo (India)