WATER rate from the new provider Metro Cagayan de Oro Water Service Cooperative Federation (MCWS) is cheaper by P12 compared to the current rate passed on by the Cagayan de Oro City Water District (COWD) to its consumers.
Isagani Daba, chairman of the MCWS, said they will build their own treatment to supply barangays Bulua, Iponan, and Patag initially, where water supply remains unstable.
The MCWS, composed of 14 cooperatives in the city, will particularly serve its 14,000-strong members whom, he said, are fed up with the problematic water supply of this city.
Daba said their P120-million initial investment shall be more than enough to fix the water problem in the western part of the city.
The MCWS’ authorized capital is pegged at P1 billion and is seen to increase if membership also increases.
MCWS is composed of the First Community Cooperative (FICCO), Oro Integrated Cooperative (OIC), Oro savings, Del Monte employees Cooperative, City Hall Employees Cooperative, Alliance Services Cooperative, Provincial Capitol Employees Cooperative, among others.
The MCWS shall develop, process and deliver potable water to the three barangays within ten months after the issuance of the Resolution of No Objection and all the necessary permits with the offices of the MCWS as payment counters.