Johor to ink deal with PAAB on takeover of water assets

COME Wednesday, Johor will sign an agreement with Pengurusan Aset Air Bhd (PAAB) to sell its water assets, said to be about RM4bil, as part of the National Water Services Industry Restructuring Initiative.

This will also be the first agreement involving a private concessionaire as the earlier two with Negri Sembilan and Malacca were with the state governments.