Azmin: Talks on price of Splash still going on

Economic Affairs Minister Mohamed Azmin Ali says negotiations on the proposed takeover are still ongoing. (Bernama pic)

KUALA LUMPUR: Economic Affairs Minister Mohamed Azmin Ali has denied an allegation by former prime minister Najib Razak that the government will pay RM2.7 billion to take over Syarikat Pengeluar Air Selangor Holdings (Splash).

The former Selangor menteri besar said negotiations were still going on to take over Splash and restructure the water industry in the state.

This were going on under the new Menteri Besar Amirudin Shari, he said at the Parliament lobby.

Azmin said the federal government had obtained the services of an independent assessor but he was not aware of the amount assessed for the water concessionaire.

He said the state government will have all the details and needed to discuss them with Splash but he himself was not part of these negotiations.

Azmin said the people’s interests needed to be protected so that they will not be undly burdened by high water tariffs once the restructuring of Selangor’s resources was completed.

Water, Land and Natural Resources Minister Dr A Xavier Jayakumar said an announcement will be made after negotiations were completed after the Aug 10 deadline.

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