Selangor needs federal funding to acquire Splash?

Suhaimi: ’Since the master agreement was inked in September, our target is to acquire Splash within 12 months.’

PETALING JAYA: The Selangor government plans to strike a deal with the stakeholders of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash), the last holdout from the state’s water asset consolidation exercise.

However, negotiations would be tricky as Splash has asked for RM2.8bil to exit its investment, while the state’s water assets management company currently had only RM450mil in ready cash.