ASIA WATER IN BRIEF
- From: Vol 12, Issue 6 (June 2011)
- Category: Brief
- Region: Asia
- Country: Australia, Cambodia, India and Malaysia
- Related Companies: Ahmedabad Municipal Corporation, Clean TeQ Holdings, Clean Water Investment, Doshion Limited, Sinomem Technology and VA Tech (Wabag)
Malaysia’s slow-moving sector reforms took a step forward at the end of May when the federal government reached agreement with Penang State on the transfer of its water assets to the national asset holding company.
In exchange for the assets, Penang’s debts of MYR650 million ($214 million) to the central government will be cancelled. The federal government added a sweetener of a MYR1.2 billion ($395 million) grant for the expansion of the island’s Mengkuang Dam to push through the agreement.
* VA Tech Wabag announced mixed financial results for the year ending 31 ...
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