WATER Program is the umbrella program for the bank’s water supply projects. Its objective is aligned with the thrust of the National Government as defined under the Philippine Water Supply Sector Roadmap prepared by the national Economic Development Authority which aims, among others, to ensure adequate long-term availability of and accessibility to potable water.
WATER Program intends to expand coverage from waterless area to include the entire water supply sector which would mean to increase target investment from Php 5 Billion (2011-2016) to Php 25 Billion up to the end of the WATER Program by year 2025. The WATER Program is expected to achieve the following specific objectives:
Source development for distribution or for bulk water supply.
Water transmission and/or distribution system rehabilitation, expansion and upgrading.
Development/installation of water treatment facilities/equipment.
Investment for Non-Revenue Water reduction or other efficiency-enhancing measures, such as but not limited to computerization of accounts, billing and collection system, installation of energy-saving equipment.
Purchase of necessary tools and equipment such as but not limited to generator sets, service vehicles, trucks, water leak detector including construction or rehabilitation of existing non-network facilities (e.g. office building, warehouse) to improve efficiency and service delivery.
Investment for Climate Change Adaptation Technologies (e.g. rain water collection system)
Private corporations – minimum of 20% based on total project cost
Water Districts, Local Government Units, Associations and Cooperatives – minimum of 10% based on total project cost
For Water Districts and LGUs, DBP may finance up to 100% of the proposed project provided that safety measures are in place, such as, the loan is fully secured, all receivables are assigned in favor of DBP, ADB requirement is imposed, DBP is a major depository bank, etc.
Interest rate shall be based on the existing DBP circulars on lending rates while the credit spread shall be based on the Borrower Risk Rating (BRR).
The term of the loan shall be based on the project cash flows or depending on the source of fund. The mode of repayment shall be monthly or quarterly depending on the cash flow of the project and/or the business
The checklist of requirements for the technical due diligence of the proposed project under the WATER Program is listed under Annex B.
Paul D. Lazaro Head, Lending Program Management Group 818-9511 local 3310/3311 firstname.lastname@example.org
Maria Del Carmen H. Hernandez Head, Program Development and Management I 893-1782 / 818-9511 local 2316 email@example.com
Raquel C. Anzures
Head, Loan Program Development Unit 893-3547/818-9511 local 2379 firstname.lastname@example.org