Melaka | Negeri Sembilan | Johor | Perlis | Pulau Pinang | Perak | Selangor | Kelantan

Migration Diaries

A journey of a millions miles begins with a single step

2008
Melaka

Melaka

PAAB has successfully acquired the water infrastructures from the state of Melaka – its first successful acquisition from the states. With the agreements signed, Melaka had transferred all the state’s water infrastructure, valued at RM889 million to PAAB and in exchange, PAAB had assumed Melaka’s outstanding water asset loan ofRM770..Read More

2009
Negeri Sembilan

Negeri Sembilan

PAAB had also sealed the agreement to acquire water infrastructure from the state of Negeri Sembilan. The deal was signed on 31 December 2008, making Negeri Sembilan the second state to migrate to the new licensing regime after Melaka. Water assets valued at RM1.12 billion were transferred to PAAB and..Read More

2009

Johor

Pengurusan Aset Air Bhd (PAAB) has sealed its third water restructuring agreement, this time with the state of Johor which will see it take over RM4.03bil worth of water-related assets in the state. This is the first agreement involving a private concessionaire. Under the agreements signed, government-owned PAAB will take..Read More

2010
Perlis

Perlis

Pengurusan Aset Air Bhd (PAAB), a wholly owned unit of Minister of Finance Inc., has sealed a deal with the Perlis government, its fourth in its quest to consolidate the country’s water sector. PAAB will take over RM203mil worth of water-related assets including three treatment plants, 12 reservoirs, 10 water..Read More

2011
Pulau Pinang

Pulau Pinang

Pulau Pinang becomes the fifth state to sign a water restructuring deal with Pengurusan Aset Air Berhad (PAAB), a government-owned company under the Minister of Finance Incorporated today. Pulau Pinang now joins Melaka, Negeri Sembilan, Johor and Perlis in embarking the new licensing regime as part of the National Water..Read More

2012
Perak

Perak

Perak has signed a restructuring agreement with federal water asset management company Pengurusan Aset Air Berhad (PAAB). With the agreement, PAAB has acquired water assets valued at RM999.2mil from the state. The signing ceremony was witnessed by Deputy Prime Minister Tan Sri Dato’ Hj Muhyiddin Mohd Yassin, Finance Minister II Dato’..Read More

2016
Kelantan

Kelantan

Kelantan has entered into an agreement with the Federal Government to restructure its water services. The inking of a master agreement to finalise the restructuring of the state’s water industry yesterday makes Kelantan the eighth state to embark on the initiative with Putrajaya. Also signed were two related agreements between Pengurusan..Read More

2019
Selangor

Selangor

Air Selangor has completed the take over of four concessionaires and will operate as the sole water supplier in Selangor, Kuala Lumpur and Putrajaya from April 1 this year. Water, Land and Natural Resources Minister Dr A.Xavier Jayakumar said the acquisitions of water concessionaires Puncak Niaga (M) Sdn Bhd, Syarikat..Read More