Mayor Felipe Antonio Remollo signs on behalf of the city government the Memorandum of Agreement with PrimeWater Infrastructure Corporation Managing Director for Business Development Caroline Cadelina witnessed by City Administrator Ricardo Gonzales Jr., Councilor Joe Kenneth Arbas, Romeo Malinis Sabater of PrimWater and the Punong Barangays of the city.
PrimeWater will compete with the Dumaguete City Water District to service thousands of households and establishments with adequate and stable supply of water for the next 25 years.
Under the agreement PrimeWater will have the right and discretion to finance, develop, improve, operate and maintain a new and complete water works system that will render reliable, safe and adequate water supply within the city.
Mayor Remollo lauded the entry of PrimeWater as a worthy investor that will boost the income of the local government since being a private company it is required to pay business tax and is committed to pay the city P 1.00 per cubic meter of water sold within its territory.
PrimeWater will be infusing P1.8 Billion capital in the next 25 years. Ernie T. Delco, operations manager of PrimeWater, stressed it will be serving 8,000 customers in the first 5 years or equivalent to 40,000 consumers.