Cebu Summa Water Lapu-Lapu, Inc. (CSWLL), a wholly owned subsidiary of Summa Water Resources, Inc. (SWRI), has announced the successful signing of a Php1.41 billion financing loan agreement with Security Bank Corporation. The agreement will fund the construction of the Seawater Desalination Plant Project and water supply infrastructure in Lapu-Lapu City, Cebu.
The ceremonial signing, held on April 10, 2025, marks a significant step forward for the crucial project. CSWLL is a subsidiary of SWRI, which is 60% owned by MacroAsia Corporation (MAC) through its subsidiary, Allied Water Services, Inc.
The financing will support the initial phase of the project, which now includes an expanded 20 million liters per day (MLD) desalination plant in Punta Engaño, up from the originally planned 15 MLD, and a 500 cubic meters per day (CMD) desalination facility on Olango Island.
This substantial investment by CSWLL, in collaboration with SWRI and MAC, underscores their commitment to addressing the increasing water demands of Lapu-Lapu City and bolstering its long-term water security. The project aims to deliver a sustainable and climate-resilient water solution to meet the immediate and future needs of the community, aligning with their shared vision of ensuring reliable and high-quality water resources across the Philippines.
The City Government of Lapu-Lapu has played a vital role as a steadfast partner throughout the project’s lifecycle, providing crucial support and collaboration from planning and design to implementation.
This partnership formalized through a Joint Venture Agreement with CSWLL signed on June 21, 2019, and a Notice to Proceed issued on May 13, 2024, highlights the City’s proactive approach to resolving water supply challenges and securing a sustainable water future for its residents.
With the financing now secured, the desalination facilities are on track to provide a dependable and high-quality water supply for Lapu-Lapu City, potentially paving the way for similar desalination initiatives nationwide.
