Militant groups warn vs Davao water district’s privatization

DAVAO CITY (MindaNews/20 June) – Militant groups under the Consumers Alert network here have warned that the plan of the Davao City Water District to loan a hundred million pesos from the Local Water Utilities Administration will pave the way for its eventual privatization.

Rudy Aranjuez, chair of the Nagkahiusang Mamumuo sa DCWD, the water district’s labor union, told reporters the loan is unnecessary because the water utility firm is liquid.

Aranjuez presented a copy of financial reports from DCWD showing its liquidity as of December 2006.

He said DCWD has a net margin of at least P376 million so the loan is not needed.

Read the rest of the report on MindaNews.com.

 

About mindanaw

A Journalist from Mindanao

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