PAAB may face cash flow deficit of up to RM235mil

According to the report released yesterday, 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.

KUALA LUMPUR: Pengurusan Aset Air Bhd (PAAB) is expected to face a cash flow deficit of between RM13.25mil and RM235.21mil over 12 years from 2025 to 2037, said the Auditor-General’s Report (LKAN) 2019 Series 2.

According to the report released yesterday, 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.