PHDid you know? Who sold the Manila Water in Private Sector is Former President Fidel Ramos in 1994. He also sold the Petron and the Fort Bonifacio Global City in 1990's
Water privatization in Metro Manila began when the then President of the Philippines, Fidel Ramos, instructed the government in 1994 to solve what he called the water crisis in Manila by engaging with the private sector. In 1997, two concession contracts for the Eastern and Western halves of Metro Manila were awarded after an open competition. The concessions represent the largest population served by private operators in the developing world.