The Local Water Utilities Administration, an Agency Earning in Silence

Article excerpt

ESTABLISHED in 1973 as a specialized lending institution mandated by law to promote and oversee the development of provincial waterworks systems in the Philippines, the Local Water Utilities Administration (LWUA) secures the access to safe water supply for many cities and towns, from the popular destinations of Cebu, Boracay, Baguio, and Davao, to the virtually unknown towns such as Malang in North Cotabato or Culasi in Antique. During its nearly 33 years of existence, LWUA has invested more than R16 billion in various provincial water projects, with R7 billion put in from 2001 to 2005 without a single cent coming from the fiscally challenged national government.

LWUAas accomplishments over the last five years have been nothing short of astonishing. In 2005, the agency completed a turnaround when it posted a net income of more than R402 million. The agency earned a total of R1.774 billion from loan operations, provision of services, and other miscellaneous sources, while spending a total of R1.37 billion in personnel services, interest and commitment, and operating and maintenance expenses, resulting in a net of R402.7 million for the entire yearas operations. …