National Water Asset Management Company
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National Water Asset Management Company Details
PENGURUSAN ASET AIR BERHAD (PAAB) or Water Asset Management Company (WAMCO) was established on 5th May 2006 as a wholly owned company under the Minister of Finance Incorporated. PAAB forms part of the Federal Government's efforts to restructure the water services industry in the country to achieve better efficiency and quality.Our primary responsibility is to develop the nation's water infrastructure in Peninsular Malaysia and the Federal Territories of Putrajaya and Labuan in line with the Water Services Industry Act 2006 (Act 655).We are tasked with the following objectives: Construct, refurbish, improve, upgrade, maintain and repair water infrastructure and all other assets in relation to the water systems. Source and obtain competitive financing for the development of the nation's water assets and lease such assets to water operators licensed by Suruhanjaya Perkhidmatan Air Negara(SPAN) for operations and maintenance. Assist SPAN to restructure the nation's water industry towards achieving the Government's vision for efficient and quality water services.
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