SUBICWATER completes P34.6M worth of projects in Q1

SUBICWATER’s capital expenditures (Capex) on physical projects amounted to P34.62 million for the first three months of this year. This was brought by the completion of 27 projects and partial completion of 18 others.

So far, total Capex spending for the last three fiscal years starting April 2014 has reached P501.8 million.

 

Pipe Network

SUBICWATER’s distribution network grew by 2,662 linear meters to 903.9 km this first quarter.

This figure is the net effect of new pipelines laid, old lines replaced or decommissioned, and the installation of additional service lines for the 203 new customers in the last three months.

The company’s customer base thus has grown to 42,231 accounts, a growth of 3.6% or 1,468 accounts compared a year ago.

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