Friday, April 25, 2008

'Syabas to lose RM17m' - NST

SHAH ALAM: April 25, 2008

Syarikat Bekalan Air Selangor (Syabas) will lose RM17 million as a result of the Selangor government's decision to provide the first 20 cubic metres of water free to the public from June.

State opposition leader Datuk Seri Dr Mohd Khir Toyo said Syabas would have to absorb the losses if the state did not compensate the company.

Mohd Khir said the state government had also promised to reduce assessment rates by 20 per cent for households and 10 per cent for commercial property.

He said this would cost the state government RM170 million a year.

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