PETALING JAYA: The proposed Airport Real Estate Investment Trust (REIT), the first of its kind in the world, is expected to generate more than RM700mil per annum.
Announced during Budget 2019 last week, it will see the departure levy on international passengers being introduced from June 1, 2019. The government will sell a stake in its airport asset into a REIT structure and use the proceeds for enhancement capital expenditure (capex).
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