SHAH ALAM – The Selangor Legislative Assembly sitting was told today that Pengurusan Air Selangor Sdn Bhd (Air Selangor) is scheduled to begin repaying a loan of RM248.7 million to the state government, starting in 2031.
Selangor Menteri Besar Datuk Seri Amirudin Shari said the loan repayment period of 20 years begins 10 years after the state government’s first disbursement of funds.
He said that the loan was earmarked for the implementation of a project to replace old water pipes throughout Selangor, Kuala Lumpur and Putrajaya.
“The repayment schedule extends from 2031 to 2046, with the first instalment of RM7.175 million due in 2031, followed by annual payments of RM12.435 million from 2032 until 2046,” he said.
Amirudin said this in response to a question from Datuk Harrison Hassan (Jeram-PN) about the state government’s efforts to recover RM248.7 million in loan payments from Air Selangor. – February 29, 2024