Splash accepts Selangor’s third revised offer

PETALING JAYA: Selangor’s chequered pace of water sector restructuring took one step forward yesterday with the acceptance by Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) – a 40% associate of Gamuda Bhd – of the state government’s third revised offer to take over its assets and operations.

The Selangor government’s revised offer was made last week and while the offer price of RM2.975bil and all other key terms remained the same, the “sweetener” was it had agreed to continue to retain Sungai Harmoni Sdn Bhd and Gamuda Water Sdn Bhd as the operations and maintenance (O&M) operators of Sungai Selangor Water Supply Scheme Phase 1 and Sungai Selangor Water Supply Scheme Phase 3 respectively.