MAHB obtains govt's in-principal approval to manage airports until 2069

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has obtained in-principle approval from the government on the material terms of the operating agreements (OA 2023) to operate, manage, maintain and develop 39 airports and short take-off and landing airports (STOLports) until 2069.

In a statement today, MAHB said the material terms of the OA 2023 enabled it and the government to have flexibility in the method of funding airport development costs, either using government allocations through development expenditure or MAHB through any suitable investment recovery model mechanism.