Lucio Tan-backed water unit secures P1.4-B loan for Cebu desalination push

April 11, 2025

11:18AM PHT

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Taipan Lucio Tan's MacroAsia Corp. said its water unit has secured a P1.41-billion loan from Security Bank to fund the construction of seawater desalination plants in Lapu-Lapu City, Cebu.

The agreement was signed by Cebu Summa Water Lapu-Lapu Inc. (CSWLL), a subsidiary of Summa Water Resources Inc., which is 60 percent owned by MacroAsia through Allied Water Services.

Key details

• The project includes a 20-million-liter-per day desalination plant in Punta Engaño and a 500 CMD facility on Olango Island

• Punta Engaño plant was upgraded from 15 MLD to 20 MLD to meet rising demand

• Aims to improve long-term water security for Lapu-Lapu amid rapid growth and climate pressure

• Backed by a joint venture with the city government, with Notice to Proceed issued in May 2024

Groundbreaking took place last September, with operations expected to help stabilize and expand water supply in Cebu’s booming metro.

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