SURUHANJAYA Perkhidmatan Air Negara (SPAN) is understood to have approved Air Selangor Sdn Bhd’s business plan, which entails the state-controlled entity undertaking a capital expenditure of RM35.4 billion over the next 30 years.
It is understood that the business plan, which was submitted to SPAN in December last year, had to be revised recently in October to account for the Covid-19 pandemic, and was approved on Nov 13.
Details of the revision, however, are not known. Some aspects of the capex are understood to have commenced in January this year, prior to SPAN’s approval. SPAN is the regulatory body for the water services industry.