"If the state government wants to take over the water supply companies, they
should be willing to sell their stake as the concession agreements are still
valid legally until the agreements expire," he said.
Chin said the state government could bring the water companies to court if it
wanted to terminate the concession agreements due to any wrongdoings or
breach of contracts.
"This is my opinion. I don''t think the court will force me to terminate the
concession or take over water supply from the concessionaires," he said.
The concessionaires are Syarikat Pengeluar Air Sungai Selangor Sdn Bhd
(Splash), Puncak Niaga (M) Sdn Bhd, Syarikat Bekalan Air Selangor Sdn Bhd
(Syabas) and Konsortium Abass Sdn Bhd (Abass).
On reports that owing to foreseeable water shortage in Selangor, 129 investment
projects were postponed, Chin said previously Syabas was reluctant to guarantee
to the proposed investments that there would be sufficient water supply once the
projects or factories were completed.
MK MK TOM