Original proposal, including Laiban Dam and Power Plant The roots of the current "New Centennial Water Source Project" can be traced to the Water Security Legacy (WSL) Roadmap proposed by the
Metropolitan Waterworks and Sewerage System (MWSS) in 2012–2016. Based on this document, the MWSS developed plans for "
the development of a dam at the Kaliwa River (Laiban Dam), and/or a smaller dam downstream (Kaliwa Low Dam) to maximize water supply, ensure short - and long - term redundancy, and optimize power generation capacities," and in February 2013, the Public Private Partnership Center released a document "sounding out" interested parties. In that initial market sounding, this proposal was already thought likely to comprise: When the
National Economic and Development Authority (NEDA) Investment Coordination Committee (ICC) had their October 4, 2013, Joint Cabinet Committee and Technical Board Meeting, however, they suggested that the MWSS to develop the project in stages, allowing for construction on the Kaliwa Low Dam to begin sooner, and for the Laiban Dam components of the project to be funded under a different financial mechanism.
Project financing The original integrated project had been proposed by the MWSS under a
build-operate-transfer (BOT) financing scheme. When the Joint Cabinet Committee and Technical Board Meeting of the
National Economic and Development Authority (NEDA) Investment Coordination Committee (ICC) discussed the project on 4 October 2013, however, they recommended that the MWSS resubmit its proposal with only the Kaliwa Low Dam and water supply tunnel components, and that it be funded using the MWSS' funds or though overseas development assistance. On July 28, 2014,
President Aquino cited Kaliwa dam in his
5th State of the Nation Address as one of the infrastructure projects approved by his administration as part of its drought prevention efforts. In 2015, two consortia were pre-qualified to bid for the undertaking of the Kaliwa Dam project — the SMC-K Water Consortium, which is a partnership between San Miguel Holdings Corp. and Korea Water Resources Corp.; and the Abeima-Datem Consortium, which is a partnership between Albeinsa Infraestructura Medio Ambiento S.A and Datem Inc. Some lawyers noted that the interest rate of the Chinese deal was 2%, while the Japanese deal that was sidelined by the government only had a 1.25% interest. The Japanese have since renewed their call for the Philippine government to reconsider their proposal. == Social and environmental concerns ==