BULACAN 20 CMSExecutive briefing · Rev 2

National water security · 2026 investment case

Bulacan 20 CMS
Bulk Water Substitute Project

5-hectare high-resilience abstraction complex and 43.2 km conveyance corridor, substituting AMRIS irrigation demand to release Angat storage for municipal supply.

20.00 CMS

Nominal capacity

1.728M m³/day

5.0 ha

Abstraction footprint

San Luis, Pampanga

+6.0 m

Platform raise

El. +10.0 m MSL

₱14.85B

Total CAPEX

Reconciled model

18.20%

Project FIRR

23.50% EIRR

01 · Engineering configuration

Five hectares, engineered for flood resilience

A compact zoned abstraction campus keeps process flow legible while separating dynamic equipment, flood storage, and operating functions.

Concept site allocation · 250 m × 200 m5.00 ha reconciled
PAMPANGA RIVERZONE 11.0 haZONE 21.5 haZONE 31.2 haZONE 40.8 haZONE 50.5 haPROCESS FLOW

Selected zone

Desanding & Forebay

2 vortex cells · 60,000 m³ balancing storage

Flood resilience cross-sectionVertical elevations in meters MSL · diagrammatic
DFL₁₀₀ · EL. +9.0FORMATION · EL. +10.0DIKE CREST · +10.5NATURAL GRADE · +4.0PVD grid · soft clay 8.5–12 mStone columns under dynamic structures375,000 m³ COMPACTED GRANULAR FILL

02 · Hydraulic system

Two-stage pumping with duty redundancy

The hydraulic chain combines low-lift abstraction, balancing storage, high-lift transmission, and resilient controls.

9 × 2.5 CMS

Stage 1 · Low-lift abstraction

Screened river abstraction lifts raw water into the desanding and balancing system.

Configuration

8 duty + 1 standby

Pump type

Vertical turbine

Total dynamic head

7.5 m

Motor rating

250 kW · VFD

03 · Financial intelligence

A reconciled ₱14.85 billion investment case

The five-hectare configuration concentrates capital in the conveyance corridor while explicitly pricing resilience, foundations, and implementation risk.

Reconciled total

₱14.85B

16 items tie
Land, Earthworks & Flood Resilience₱578.75M
Hydraulic Structures & Plant Civil Works₱1,310M
Electromechanical & Control Systems₱2,450M
Transmission Pipeline & Terminal Works₱8,170M
Soft Costs, EPCM, Safeguards & Financing₱2,341.25M

Baseline comparison

Resilience premium

+₱3.25B
Original baseline₱11.60B
5-hectare high-resilience case₱14.85B

Debt

70% · ₱10.395B

Equity

30% · ₱4.455B

Debt terms

6.5% · 15 years

Debt service capacity

15-year repayment profile

1.65× minimum DSCR2.15× average DSCR

DSCR is calculated from cash flow available for debt service after taxes, reserves, and working-capital movements—not EBITDA alone.

04 · Sensitivity laboratory

Stress-test the bankability case

Adjust the three variables with the greatest operating influence. Base settings reproduce the supplied headline case.

Scenario controls

Operating assumptions

14.5 ₱/m³
12BASE 14.518
6.5 ₱/kWh
5.5BASE 6.58.5
95 %
85BASE 9598

Base case is calibrated exactly to the supplied feasibility indicators. Scenario outputs are screening estimates.

Project FIRR18.20%Base 18.20%
FNPV @ 8.5%₱16.85BBase ₱16.85B
Annual EBITDA₱6.46B74.4% margin
Simple payback2.30 yrsCAPEX / EBITDA

05 · Delivery roadmap

A 36-month gated implementation program

Early geotechnical, right-of-way, and offtake decisions protect the critical path before major equipment commitments.

01Enabling & ground improvementLand, PVD, surcharge, fill and dike formationMonths 1–10
02Civil structures & corridorIntake, forebay, pump halls, pipeline and terminalMonths 7–26
03Equipment & energizationPumps, 69 kV substation, controls and surge systemsMonths 20–33
04Testing & handoverWet commissioning, reliability run and operator trainingMonths 32–36

Decision gates

1

Confirm institutional offtake framework

2

Complete geotechnical verification program

3

Secure corridor and environmental approvals

4

Mandate independent model and design review

Proceed with gated development