Boracay Water sees upward adjustment in this year's capex
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Boracay Island Water Company, Inc. (Boracay Water) may allot more of its P2.4 billion capital expenditure (capex) — which was supposed to be rolled out within a five-year timeframe — just for this year. This, as the company upgrades and expands its facility as part of the overall effort to rehabilitate Boracay Island, which President Rodrigo Duterte described as a “cesspool” before temporarily closing it down in April. Boracay Water General Manager and chief operating officer Joseph Michael Santos said on Friday that their capex for this year was only supposed to be P677 million but this may “balloon to P700 million.”
Miraflor, M. B. (2018, June 23). Boracay Water sees upward adjustment in this year's capex. Manila Bulletin, p. B-9.
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- Manila Bulletin