Puncak Niaga Berhad : Selangor Water Deadlock Broken? - 21/6/2010

♦ Water sector restructuring in Selangor to materialise soon? According to The Edge Financial Daily, the deadlock in the proposed consolidation of water assets in Selangor may have been broken, with all parties close to agreeing on pricing (over 1x book value, with the Federal Government paying 1x book value, while the state government paying an agreed sum over and above that), and ironing out the issues of operations and maintenance (O&M). It was also reported that the Federal Governnment would own the assets, while Selangor state government would end up with a stake in the management of the assets. The deal could be concluded by as early as end of this month (Jun).