KUALA LUMPUR (Bernama) -- Pengurusan Aset Air Bhd (PAAB) is expected to face a cash flow deficit of between RM13.25 million to RM235.21 million over 12 years from 2025 to 2037, said the Auditor-General's Report (LKAN) 2019 Series 2.
According to the report released today, a deficit will occur if the problem of mismatch of the 25-year loan repayment period to the Federal Government and the 45-year lease collection period of the state water operator is not reconciled between the Ministry of Finance (MoF) and PAAB.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
