Delay in the award of projects unsettles some players

INTEREST in water- and sewerage-related counters welled when the government awarded the water supply privatisation in Selangor and Federal Territory to Puncak Niaga Holdings Bhd, but a delay since in the issuing of further contracts has unsettled players and investors alike. 

The delay has made some of the companies bidding for the huge water projects anxious about their prospects, while among investors scepticism has grown.