ARMM Approves P40-M Water Treatment Plant And Supply Facility
Dec 18, 2017
The Regional Board of Investments, Autonomous Region in Muslim Mindanao (RBOI-ARMM) approved the registration of a Php40 million Water Filtration Plant operated and managed by Mactan Rock TGV Builders Corporation at Barangay Makaguiling, Sultan Kudarat, Maguindanao.
RBOI chair and managing head, lawyer Ishak Mastura, said that the bulk water supply and treatment investment project involves the construction, installation and operation of 5,000 Cubic Meter Per Day (CMD) water treatment facility tapping the water resource from Simuay River in Sultan Kudarat, Maguindanao.
“The project is very relevant since we are experiencing water shortages especially during dry season. With this facility, we can now rely on a more stable supply of affordable and clean water”, Mastura added. The treatment of water will undergo several processes and cleaning stages before the water is distributed to households ready for human drinking and consumption.
Mastura further said that Mactan Rock registered under a pioneer status will enjoy fiscal incentives such as Income Tax Holidays for six years as well as other incentives being provided by the government upon the start of its commercial operations.
The company will provide bulk water supply and treatment facility to Metro Cotabato Water District (MCWD). MCWD is a government-owned and controlled corporation water facility that serves Cotabato City and two municipalities in Maguindanao province – Sultan Kudarat and Datu Odin Sinsuat.
This 2017, RBOI has registered a total of Php3.2 billion worth of investments, posting an increase of 53 percent as compared to last year’s Php2.11 billion. The rise is attributed to the registration of telecommunications company TierOne Communications which invested the highest this year worth Php3billion. Other companies with approved projects in 2017 are the Bangsamoro Terminal Services (BTS) Inc. (Php129M), Mactan Rock TGV Builders Corporation (Php40M), J. Sayang Shipping Lines Inc. (Php33.5M), and Abing Seafoods and Cold Storage (Php32M).
ARMM regional governor, Mujiv Hataman in a statement said that despite the urban war that happened in Marawi City in 2017, he is optimistic that more investments will pour into the region this coming year-2018. “We believe that investors’ confidence is still very high considering that RBOI has surpassed its target of Php1 billion this year. Investments in the region now are more diverse since projects registered this year are non-agri which include logistics, telecommunications, seafood storage, shipping, and bulk water supply and treatment plant which means that the region is ready for projects other than agriculture-based”. Hataman added.