MacroAsia begins building P2-B Iloilo water supply project
A subsidiary of Lucio Tan-led MacroAsia Corp. has begun construction of a P2-billion water supply project in Iloilo.
New Earth Water System (NEWS), a wholly owned subsidiary of Boracay Tubi System Inc. (BTSI) is working on the project dubbed New Earth Iloilo Water Supply.
MacroAsia, through its unit MacroAsia Properties Development Corp., holds a majority interest in BTSI.
NEWS said on Tuesday that the project is designed to boost the potable water supply, given the population growth and rising economic activity in the province.
NEWS has water rights and permits to supply, treat and distribute potable water to Iloilo City and the towns of Sta. Barbara, Pavia, Oton, Leganes, Cabatuan, Maasin and San Miguel.
The first phase of the project includes the development of a water treatment facility in Barangay Bongo, Pototan. This will have an initial capacity of 37.5 million liters per day (MLD). This may be expanded to as much as 50 MLD.
Water transmission lines and a distribution network of pipelines will also be built.
MacroAsia intends to complete the project in two years. It is expected to ease the current water supply woes in Iloilo.
“Water is the lifeblood of Iloilo’s growth, and shortages must not become a barrier to progress,” said Eduardo Luis Luy, chair of both NEWS and BTSI.
“This facility will not only close the immediate supply gap, but will also provide Iloilo with resilient and sustainable water infrastructure for the future,” Luy said.
MacroAsia Properties Development has investments in economic zones and several water ventures outside Metro Manila.
The group’s core investments span aircraft maintenance, repair and overhaul; airline and institutional catering; ground handling; property development and leasing; and water utility services.
In the first half of 2025, the group reported a 15-percent growth in consolidated net income. This reached P771.10 million.
Consolidated revenues also jumped 9 percent to P4.81 billion. This was driven by stronger demand across aviation services, institutional food accounts and water concessions.
