The Government has awarded the privatisation of the management of water supply operations in Selangor, Kuala Lumpur and Putrajaya to the Puncak Niaga group and Kumpulan Darul Ehsan Bhd, after having considered several proposals and counter-proposals.
Puncak Niaga Holdings Bhd announced to Bursa Malaysia yesterday that it had, on Dec 7, received a letter from the Economic Planning Unit (EPU), which confirms that its subsidiary, Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) will undertake the privatisation of Perbadanan Urus Air Selangor Bhd (PUAS).