Gamuda gets offer to facilitate water restructuring

PETALING JAYA: Gamuda Bhd has received a letter of offer yesterday from Pengurusan Air Selangor Sdn Bhd (Air Selangor) setting out the termination of the existing operations and maintenance agreement of the Sungai Selangor Water Treatment Plant Phase 3 (SSP3 OMA) between Gamuda Water and Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash).

The offer also set out the settlement of Gamuda’s 80% owned unit, Gamuda Water Sdn Bhd’s outstanding receivables from Splash via a termination and settlement agreement to be entered into between Air Selangor, Splash and Gamuda Water.