Subic Water Gets Extended Franchise

Subic Water and Sewerage Company, Inc. (Subicwater) and the Subic Bay Metropolitan Authority (SBMA) have signed a milestone agreement extending Subicwater’s franchise for another 20 years, until March 31, 2047.

Subicwater was the first in Southeast Asia to use the public-private partnership (PPP) model under a build-operate-transfer (BOT) setup in the water sector. I Photo: SUBICWATER Facebook

Signed on March 20, 2025, the agreement guarantees the continued delivery and expansion of water and wastewater services in the Subic Bay Freeport Zone and Olongapo City.

“We thank SBMA for trusting us to continue serving the community,” said Subicwater Chairman Apollo C. Tiglao.

“This extension helps us move closer to our goal of 100% wastewater service coverage in our areas.”

The renewed agreement builds on a partnership that began in 1997. Subicwater has committed to expanding sewerage and sanitation services, especially in underserved and growing areas within the Freeport and Olongapo City.

As part of this initiative, the company will also begin sewerage services in Olongapo City by leveraging existing Freeport infrastructure—further strengthening cooperation among Subicwater, SBMA, and the local government.

To meet this goal, the company will invest in new infrastructure and upgrade operations to support environmental protection and sustainable development.

Subicwater was the first in Southeast Asia to use the public-private partnership (PPP) model under a build-operate-transfer (BOT) setup in the water sector. It provides 24/7 water service to over 50,000 customers in the Freeport and Olongapo City.

In 2024, Subicwater posted a record net income of P291.4 million—up from P26.4 million in 2023—driven by improved efficiency and service expansion.

Subicwater is a joint venture of DMCI Holdings, Inc. (30% indirect effective interest through DMCI Project Developers, Inc.), IV3 Aqua Holdings, SBMA, Maynilad Water Services, and the City Government of Olongapo.