PUNCAK NIAGA HOLDINGS BHD
KLSE (MYR): PUNCAK (6807)
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Ride The Bull Short The Bear
CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ckk2266
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Posted by ckk2266 > 2015-07-19 18:16 | Report Abuse
SHAH ALAM: The process of transferring state water assets to Federal Government entity, Pengurusan Aset Air Bhd (PAAB) will be completed within 60 days, said Mohamed Azmin Ali.
The asset transfer was part of the water restructuring master agreement signed on Sept 12 last year, followed by a supplemental agreement inked on July 11.
"We are now given 60 days to hold discussions with PAAB to determine the list of assets that will be leased to the Selangor state government and other terms and conditions," said the Selangor Menteri Besar.
"We will present a list agreement on the assets between PAAB and Pengurusan Air Selangor Sdn Bhd and settle it within the stipulated time.
"Everything is going on well and smoothly," he said when met during the Selangor Hari Raya open house event at the Stadium Shah Alam here Sunday.
Selangor's Sultan Sharafuddin Idris Shah graced the event, which started at 10am and attracted more than 5,000 members of the public who thronged the stadium as early as 9am.
Azmin noted that the Selangor state government had agreed to surrender four water assets in exchange for another two in Semenyih and Bukit Nenas, which had been a point of dispute.
"The four assets, which included treatment plants and dams, have the same value as the assets in Semenyih and Bukit Nanas," he said, adding that Selangor state government has no problem with water assets to be transferred to PAAB.
The signing of the supplemental water agreement between the Federal Government and Selangor was seen as a positive step towards ending an impasse that has dragged on since 2008.
Azmin and Deputy Prime Minister Tan Sri Muhyiddin Yassin, who is also the chairman of the Special Cabinet Committee on Selangor Water Issues, witnessed the signing in Putrajaya earlier.
Among conditions laid out in the deal was to allow the restructuring exercise to proceed with the concessionaire companies' water assets (CCWA) accepted by Pengurusan Aset Air Bhd (PAAB), without Selangor giving up its land while complying with the requirements of the Water Services Industry Act.