We Are PAAB
Pengurusan Aset Air Berhad (PAAB) is a wholly owned company of the Minister of Finance Inc., incorporated on 5 May 2006 with the objective of being the holding company for the nation’s water assets.
PAAB forms part of the Government’s efforts to restructure the water services industry in the country to achieve better efficiency and quality, as well as to ensure sustainability of the industry.
Our main responsibility is to develop the nation’s water infrastructure in Peninsular Malaysia and the Federal Territory of Labuan, using competitive financing sourced and obtained from private financial market. The water assets are then leased to water operators licensed by the industry regulator, Suruhanjaya Perkhidmatan Air Negara (SPAN) for operations and maintenance.
Our Vision
Sustainable
Water
Services
Industry
Our Mission
To settle State Government’s Federal Loan water debts through acquisition of their water assets of equivalent value
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Immediate relief for State Governments from the burden of federal water supply loans.
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Ensures settlement of federal water supply loan directly to the Minister of Finance (Incorporated), fostering financial clarity and efficiency.
To build, upgrade and rehabilitate the water supply assets through competitive financing
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By obtaining competitive financing, PAAB can undertake large-scale projects without placing a heavy financial burden to the Water Operators.
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Long-term financing ensures that water infrastructure projects are sustainable and can be maintained effectively over time.
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Upgraded and rehabilitated infrastructure leads to more reliable and higher-quality water supply for consumers.
Our Journey Milestone
2024
- Malaysia Book of Records for the longest dual functions treated water tunnels for Package 6A, Langat 2 WTP Phase 1 Project
- Malaysia Book of Records for the longest twin parallel functions treated water tunnels for Package 6A, Langat 2 WTP Phase 1 Project
2023
- ISO 37001:2016 Anti-Bribery Management System (ABMS)
- Malaysia Book of Records for the longest and deepest micro tunnelling twin parallel water pipeline for Package 11, Langat 2 WTP Phase 1 Project
- Asian Water Awards; Collaborative Water Initiative of the Year (Malaysia)
- Asian Water Awards; Water Technology Excellence Award (Water Resource Management)
2022
- MOU PAAB & NAHRIM on exploring new technologies in water assets.
more - Issuance of Sustainability Sukuk Wakalah under the Islamic Commercial Paper (“ICP”) Programme
2021
- National Water Services Industry Restructuring Initiative; Kedah
2020
- National Water Services Industry Restructuring Initiative; Pahang
- ISO 9001:2015 Certification of Quality Management System for the ‘Provision of Operation Management in Construction, Refurbishment, Improvement, Upgrading and Restoration of Water Supply Infrastructure / Water Systems for Existing and New Water Assets Nationwide
- Water Deal of the Year at The Asset Triple A Asia Infrastructure Awards 2020,
more
2018
- The Journey Towards ISO 9001:2015 Certification
2016
National Water Services Industry Restructuring Initiative; Kelantan
2014
National Water Services Industry Restructuring Initiative; Selangor
2012
- National Water Services Industry Restructuring Initiative; Perak
- Best Islamic Restructuring Deal – The Asset Asian Awards
2011
National Water Services Industry Restructuring Initiative; Pulau Pinang
2010
National Water Services Industry Restructuring Initiative; Perlis
2009
National Water Services Industry Restructuring Initiative; Johor
2008
National Water Services Industry Restructuring Initiative; Melaka & Negeri Sembilan