General Question On 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.

PAAB's Operation

PAAB’s primary 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.

PAAB is also tasked to assist SPAN to restructure the nation’s water industry to achieve the Government’s vision for efficient and quality water services.

What is the Water Services Industry Restructuring Initiatives

Please refer here Water Reforms

Standards and Ethics Involved in Procurement Management

PAAB’s standards and ethics involved in procurement management based on 4 principles, namely:
• Need for economy and efficiency in project implementation;
• Transparent and efficient procurement process;
• Fair opportunity for participation by all eligible consultants, contractors and suppliers; and
• Encourages the development and participation of Malaysian consultants, contractors and suppliers.