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In 2004 a 30-year concession was awarded without competitive bidding to Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS), a subsidiary of Puncak Niaga Holdings. The concession foresaw investment commitments of US$2.5 billion. It was supported by fixed government payments, since tariffs were too low to make the concession financially viable.
The Selangor water works provides water supply to the state of Selangor as well as the federal territories of Kuala Lumpur and Putrajaya in Malaysia. The raw water is sourced mostly from surface water collected by several dams, lakes and rivers, and treated at the nearby water treatment plants. The Selangor water works is run by Pengurusan Air ...
Rozali bin Ismail is a Malaysian businessman, founder, and Executive Chairman of Puncak Niaga Holdings. [1] He also serves as the Executive Chairman of Syarikat Bekalan Air Selangor (SYABAS), [2] a water concession company that was nationalized by the state of Selangor in 2017. [3]
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Search "money stress" in Google Images and you'll get pages of stock photos all showing a similar scene: a person or a couple staring anxiously at a mess of bills spread out across the kitchen...
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