ARMM okays P40-M water treatment facility
By JULMUNIR I. JANNARAL, TMT The Manila Times | December 18, 2017
COTABATO CITY: The Regional Board of Investments in the Autonomous Region in Muslim Mindanao (RBOI-ARMM) approved a P40-million water filtration plant operated by Mactan Rock TGV Builders Corp. in Barangay Makaguiling, Sultan Kudarat, Maguindanao.
RBOI chairman Ishak Mastura said 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 the dry season. With this facility, we can now rely on a more stable supply of affordable clean water,” Mastura added.
The water will undergo several processes and cleaning stages before it is distributed to households ready for drinking or human consumption.
Mastura also said Mactan Rock, registered under a pioneer status, will enjoy fiscal incentives such as income tax holidays for six years as well as other incentives the government provides upon the start of its commercial operations.
Mactan Rock Industries, Inc. is owned by Cebu-based businessman Antonio Camelo Tompar who is also the company chairman.
Mactan Rock has the expertise in water filtration or treatment sourced from the river and projected to produce thousands of cubic meters per day of potable drinking water.
The company will also provide bulk water supply and treatment facility to Metro Cotabato Water District (MCWD).
MCWD is a government-owned and controlled corporation that serves Cotabato City and two municipalities in Maguindanao province – Sultan Kudarat and Datu Odin Sinsuat.
This year, RBOI registered P3.2 billion worth of investments, an increase of 53 percent compared to last year’s P2.11 billion.
The increase is attributed to the registration of telecommunications company TierOne Communications which made the highest investment this year worth P3 billion.
Other companies with approved projects in 2017 are the Bangsamoro Terminal Services Inc., P129 M; Mactan Rock TGV Builders Corp., P40 M; J. Sayang Shipping Lines Inc., P33.5M; and Abing Seafoods and Cold Storage, P32 M.
ARMM Regional Gov. Mujiv Hataman said in a statement that despite the war which ravaged Marawi City, he is optimistic that more investments will pour into the region in 2018.
“We believe that investors’ confidence is still very high considering that RBOI has surpassed its target of P1-billion this year. Investments in the region are now more diverse since projects registered this year are non-agricultural including logistics, telecommunications, seafood storage, shipping, and bulk water supply and treatment plant which means that the region is ready for projects other than agri-based,” he added.
Read original: The Manila Times