Govt writes off Pahang s RM2 1 bil water supply debt theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Wednesday, 23 Dec 2020 10:55 PM MYT
Environment and Water Minister Datuk Seri Tuan Ibrahim Tuan Man speaks during a press conference in Dengkil October 4, 2020. Bernama pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUANTAN, Dec 23 The federal government has agreed to write off the Pahang state government’s debt of RM2.1 billion through the water services industry restructuring agreement, said Minister of Environment and Water (Kasa), Datuk Seri Tuan Ibrahim Tuan Man.
He said it involved rural area water supply debt amounting to RM1 billion while the balance would be transferred by novation to Pengurusan Aset Air Berhad (PAAB).