Azmin: Splash takeover decision delayed 6 months
SHAH ALAM: The deadline to conclude the takeover of Syarikat Pengeluar Air Selangor Sdn Berhad (Splash), which was set for next month, has been extended by six months, said Menteri Besar Datuk Seri Azmin Ali yesterday.
Azmin (PKR-Bukit Antarabangsa) told the Selangor state legislative assembly this was because the Federal Government was waiting for the results of the valuation of Splash by an international independent valuer.
“In the latest development, the Energy, Green Technology and Water Ministry, in a letter dated March 14, instructed that all parties must extend the estimation of figures involved in the master agreement of the water industry restructuring exercise to six months, which is until Oct 5.
“It is clear the delay in the taking over of Splash is not the fault of the state government.
“Rather, the extension request came from the Federal Government itself so that the cabinet can seek the views of an international independent valuer.
“Until today, the state government has not been officially informed in writing of the stance of the Federal Government on the results of the international independent valuer.”
Azmin was replying to a question by R. Rajiv (DAP-Bukit Gasing), who asked about the status of the Splash takeover.
Azmin said the ministry’s March 6 suggestion for the state government to bear part of the cost to take over Splash was rejected.
He said the ministry would bear 60 per cent of the cost, while the state government paid the rest.
“We strongly objected because the ministry’s decision on the ratio is premature as we have yet to receive an official stance from the Federal Government.
“We replied to the ministry on March 17, stating that we do not agree with the 60:40 suggestion.
“I have also informed Minister Datuk Seri Dr Maximus Ongkili in a meeting on Sept 27 last year.
“The takeover of Puncak Niaga Sdn Bhd, Syarikat Bekalan Air Selangor Sdn Bhd and Konsortium Abbas Sdn Bhd was 100 per cent paid by Pengurusan Aset Air Sdn Bhd. So why is there a different method for Splash?
“I told the minister that the same method must be used for the Splash takeover.”
Speaking at the annexe building later, Azmin said the state government, which also engaged an independent valuer to study the cost of the Splash takeover, had submitted the report to the ministry in June last year.