KINIBIZ The surprise signing of the memorandum of understanding (MOU) between the state and federal governments was announced by Selangor Menteri Besar Abdul Khalid Ibrahim last week.

It was immediately hailed in the mainstream media as a landmark deal that would end the Selangor water crisis.

However, the secretive nature of the deal and details of the MOU that has been construed to be lopsided in favour of the federal government has drawn suspicion and fierce criticism from many including members of Khalid’s own Parti Keadilan Rakyat (PKR) and others from Pakatan Rakyat’s component parties.

Essentially, the gist of the MOU facilitates the consolidation of the Selangor water concessionaires with a RM9.65 billion takeover and also allows the controversial Langat 2 water treatment plant to be constructed after a long delay.

The federal government has also promised to inject RM2 billion to facilitate the takeover of the concessionaires, although it is not clear how this amount will be injected.

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