The Metropolitan Waterworks and Sewerage System (MWSS) on Wednesday bared that it will be stricter in imposing penalty against water concessionaires Maynilad Water Services Inc. and Manila Water Company, Inc. once they will not meet their water service obligation to their respective consumers.
The MWSS released the revised concession agreement which stated that water providers will only be given to implement three days of water interruption.
It said that failure to meet the required deadline corresponds to the issuance of a financial penalty.&nbsp;
The amount of penalty shall be equal to 25 percent "of the costs that, in the reasonable opinion of the Regulatory Office, the Concessionaire will incur in order to meet the Service Obligation in question."
"The Concessionaire shall pay any penalties assessed in connection with this section to the Regulatory Office within ten (10) days after receipt of a demand thereof. Such penalties shall not be regarded as an Expenditure of the Concession," the newly issued agreement.
Additionally, the MWSS said it will impose liquidated damages against water concessioners upon the recommendation of the Regulatory Office.
The agency target to implement the new rule in July this year.&nbsp;

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MWSS to impose stricter penalty vs. water concessionaires