THE project period for a Metro Manila wastewater collection and treatment management system is due to expire with its main backer, the World Bank, noting that the project has yet to meet targets for the number of people reached, among others.
According to a World Bank implementation status and results report, the project is scheduled to close on June 30. It took in $275 million worth of financing starting in October 2012, with the original project expiration set for June 30, 2017 but was extended to June 30, 2020.
The bank gave a “moderate” overall risk rating for the project and issued a “moderately satisfactory” grade for the implementing agencies in as far as the objectives that were met.
It gave a “moderately unsatisfactory” evaluation of overall implementation progress.
As of the end of May, the bank said Maynilad Water Services, Inc., one of the implementing agencies, exceeded its objective in reducing biological oxygen demand (BOD) in collected wastewater, after covering 2,484 tons per year, or well above its target of 1,848 tons per year.
Manila Water Company, Inc. (MWCI), the other implementing agency, partially achieved the BOD target at 76% completion rate as of May 31, with around 94% completion expected by September, according to the World Bank.
In terms of the number of people benefitting, it said the entire project has reached 72% of the 2.4 million target, with MWCI exceeding its goal of 1.2 million and Maynilad reaching 473,076 out of its 1.3 million goal.