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BusinessMirror.com.ph Home Sports Rizal eyes P150M annual revenues from landfill

Rizal eyes P150M annual revenues from landfill

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The provincial government of Rizal expects multimillion-peso annual revenues from San Mateo sanitary landfill project’s already operational 3-hectare Phase 1 and newly launched 5-hectare Phase 2, both of which can collectively accommodate daily some 5,000 tons of residual waste.

Such revenues will comprise 25 percent of gross tipping fees from waste hauled to the P300-million landfill project dubbed as the Philippines’  ‘high-tech recycle bin of residual waste.’

”Twenty-five percent of 5,000 tons will amount to about P150 million a year for the province and its San Mateo municipality,” Rizal Gov. Casimiro ‘Junjun’ Ynares III said on Saturday during a press conference after launching the landfill’s second phase.

He noted Rizal province and San Mateo municipality will get equal share of the anticipated revenues.

”These local government units didn’t spend for the project but will receive such revenues—it’s part of the undertaking’s social contribution,” said Senando Santiago, president of San Mateo Sanitary Landfill Development Corporation which owns and operates the project.

(PNA)

 


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