SUBANG, Aug 3 — Selangor has finally completed its water restructuring exercise through the acquisition of Syarikat Pengeluar Air Selangor Holdings (SPLASH) at a hefty price of RM2.55 billion today.

Selangor Mentri Besar Amirudin Shaari said the payment will be made by Pengurusan Air Selangor Sdn Bhd (Air Selangor) in the next nine years.

“This is a historical moment for Selangor because after 10 years, we finally found a solution to our water woes.

“The deal that we have struck is a by-product of one year’s worth of discussions,” he told a press conference at Dorsett Grand Subang here today.

He said the completion of the exercise would make Air Selangor the sole water company to process, treat and distribute water supply to over 10 millions users in Kuala Lumpur, Selangor and Putrajaya by the end of 2019.