Repeal of water contracts in Philippines could complicate Chinese dam loan repayments: congressman

The Philippine water regulator’s decision to cancel the 15-year extension of concession deals with the country’s two largest utilities after pressure from President Rodrigo Duterte could affect payments on a China-funded loan for a vital dam project, according to a lawmaker.Manila Water Co Inc and Maynilad Water Services were looking to charge users a water security fee on their bill, money that would have been put towards the repayment of a US$211 million loan from the Export-Import Bank of…