The federal government Thursday welcomed the Selangor government proposal for talks to resolve the restructuring of the water supply service in the state.
The Minister of Energy, Green Technology and Water, Datuk Seri Peter Chin Fah Kui, said the federal government was also prepared to study the proposal for the takeover of the Selangor water bonds.
"I wish to clarify that the proposed takeover is a mitigation measure to stabilise the water supply service in Selangor and prevent this crisis from affecting national financial market confidence," he said in a statement.
Chin said the federal government was confident that the takeover could stabilise the water supply industry in the state.
"This situation would enable the federal government to focus on restructuring the industry and continue negotiations with the state government without having to worry about bond-related issues," Chin said.-- BERNAMA
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