Jayakumar said Air Selangor had also planned investments (Capex) of RM 30 billion over 30 years from this year to improve the water system for more than 9.1 million people. „Once this restructuring is complete, Air Selangor will be the sole operator of water treatment and distribution services and will focus entirely on improving the efficiency and efficiency of these services,“ he said. According to Jayakumar, Air Selangor is regulated by the National Water Services Commission (SPAN) under The Water Services Industry Act 655. SPAN will also act as a training centre for water use, water resources and the protection of nature. PUTRAJAYA (January 4): Air Selangor has completed the acquisition of four dealerships and will be the sole water supplier in Selangor, Kuala Lumpur and Putrajaya from April 1 this year. He also assured that the Selangor State Government had committed, through Pengurusan Air Selangor, to provide efficient, efficient, competitive and sustainable water services to protect the interests of consumers.- Bernama Jayakumar said that four states, perlis, Pahang, Terengganu and Kedah, still needed to complete the restructuring of their water supply services and it is unlikely that they will be completed by this year. The Minister of Water, Land and Commodities, Dr. A.Xavier Jayakumar, said: the acquisitions of water concessionist Puncak Niaga (M) Sdn Bhd, Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) and the ABASS Sdn Bhd consortium (Abass) were implemented at the end of 2015, while the acquisition of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH) took place last August. „The project to complete the restructuring of water services in Selangor, Kuala Lumpur and Putrajaya is not simple, and the migration process of the entire structure has begun since 2006-2007. There were four Besar Menteris, three secretaries of state and three ministers,“ he said. This restructuring will allow Air Selangor to operate „Asset Light“, which means that Air Selangor will no longer be responsible for obtaining financing for the development of hydraulic installations and will no longer affect only PAAB`s hydraulic facilities by paying rents at competitive prices,“ he said. The first and second endorsements were signed on July 10, 2017 and September 21, 2017, respectively.
. . . „We also received approval from Pengurusan Aset Air Berhad (PAAB) to purchase SPLASH`s assets and then lease them back to Air Selangor. With respect to the financing received by PAAB, the repayment would be made through long-term lease payments over 45 years. „The water-related loans that the state government receives from the federal government amounting to approximately $1.1 billion.RM will also be restructured in the long-term lease, which will have a positive impact on improving the state`s financial position,“ said Amirudin. In the meantime, Amirudin stated that the costs of acquiring SPLASH were fully borne by Air Selangor, with $1.9 billion.RM being financed by financial funds provided by PAAB and the remaining $650 million .RM paid in tranches over nine years. . . . „The whole paper work is done and the authorizations are on the table.
All we have to do is go through the process of signing the business model and handing over the old assets to Air Selangor on April 1. We are confident. . . . „In addition, more than $8 billion in loans and dealer loans.RM are also taken over by PAAB and restructured into long-term leases.