LWUA Administrator Orlando C. Hondrade (right) personally thanks Rep. Roger G. Mercado, Chairman of the House Committee on Public Works and Highways, for the speedy approval on the very first reading of House Bill 2394 principally authored by House Deputy Speaker Eric D. Singson seeking further amendments to Presidential Decree No. 198 to increase LWUA's authorized capitalization to P25 Billion and local and foreign borrowing ceilings to P10 Billion and $700 Million, respectively. Hondrade said the legislated strengthening of LWUA's financial capability is urgently needed to support the water supply development program of President Gloria Macapagal-Arroyo that is intended to provide Filipinos in the countryside with much-improved access to safe potable piped water supply.
c February 21, 2008