The bid of the Local Water Utilities Administration (LWUA) for legislated increase in its authorized capital stock and borrowing capacities to sustain provincial water supply development got needed boost with the approval on first reading by the House Committee on Public Works and Highways chaired by Rep. Roger G. Mercado of House bill 2394 authored by House Deputy Speaker Eric D. Singson providing such increase. Photo shows Committee Chairman Mercado (center), Deputy Speaker Singson (2nd from right), Committee Vice Chairman Manuel S. Agyao (extreme right) and LWUA officials Senior Deputy Administrator Daniel I. Landingin (extreme left), representing LWUA Administrator Orlando C. Hondrade, and LWUA Corplan chief Manuel T. Yoingco (2nd from left) discussing the merits of HB 239. Specifically, the bill seeks to increase LWUA's capitalization to P25 Billion and local and foreign borrowing ceilings to P10 Billion and $700 Million, respectively.
c February 14, 2008