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  • 2 months ago
Two consumer watchdogs in Bacolod City slam Lucio Co’s takeover of the troubled-Villar led PrimeWater Infrastructure Corporation.

Full story: https://www.rappler.com/philippines/visayas/lucio-co-takeover-primewater-injustice-bacolod-consumers/

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00:00Two consumer watchdogs in Bacolod City slam Lucio cost takeover of the Traffold Villar-led Prime Water Infrastructure Corporation.
00:08Groups Amlik Tubig and Water Watch Advocates brand the acquisition as injustice to over 70,000 households or water consumers in Bacolod.
00:18Bacolod Councillor Wilson Jun Gamboa Jr., a convener of Amlik Tubig, says water consumers would remain disadvantaged despite the takeover.
00:27The group also calls for the junking of the 2020 Joint Venture Agreement.
00:32Cost Crystal Bridges Holding Inc. assumed Prime Water's role in the controversial 25-year Joint Venture Agreement with Bacolod City Water District that started in November 2020.
00:43WWA convener Wenji Sancho says since the takeover was done in haste without the knowledge of Basiwe executives and Bacolod consumers, then something seems suspicious.
00:52He adds, quote, we want to know the details vis-a-vis what will happen now with the water distribution in Bacolod.
00:59WWA cannot afford to see Bacolod water consumers to be in limbo.
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