The town of Antequera could earn up to P50,000 per day or roughly P1.5 million a month if its plan to sell water extracted from a river that cuts across the town pushes through and its initially suggested price is approved.
Antequera Mayor Jose Pahang initially suggested that the local government unit would earn P1 per cubic meter as royalty fee for its planned joint venture withÂ Ocean Eagle Philippines Inc. and Biwater International Limited toÂ sellÂ water from Tubig Daku River in Barangay Tabuan.
It is expected that 25,000 to 50,000 cubic meters will be supplied by the tributary each day, Pahang told DYRD Balita.
However, the LGU and the townâ€™s local lawmakers are still figuring out the final amount which would be paid by the developers of the waterworks.
Pahang admitted that the project could greatly fill up the townâ€™s coffers, noting that LGU is already moving for the plan to materialize.
He said that the ventureÂ is already under a feasibility study while a technical working group has beenÂ createdÂ for the project.
The said team will oversee the development of the waterworks and the sale of the water supply.
According to Pahang, the LGU is eyeing Tagbilaran City and the towns of Panglao and Dauis as possible markets for water supply extracted in Antequera.
It would take up to two years before the project becomes operational, based on the LGUâ€™s ongoing study.
Pahang said that the Tubig Daku River has much potential for revenue but the town has not been able to capitalize on the tributaryâ€™s resources.
He noted that the project would finally put the river to use as an additional income generator for the town. (Allen Doydora) Â