The much awaited water deal between the federal government and Selangor state government will be concluded on Tuesday with the signing of four agreements, the Energy, Green Technologyand Water Ministry announced today.

"A signing ceremony will be held in Shah Alam between Pengurusan Aset Air Bhd (PAAB) and Pengurusan Air Selangor Sdn Bhd (Air Selangor) to seal four agreements under the restructuring of Selangor’s water services industry.

"The four agreements are the Facilities Agreement, Lease Agreement, Rights of Use Agreement and Settlement Agreement, which are conditions precedent to effect the master agreement for the restructuring exercise", the ministry said in a statement.

At the same event, Minister Maximus Ongkili would hand over to Selangor Menteri Besar Mohamed Azmin Ali the facilities and service licenses issued to Air Selangor.

This is the final condition precedent to the master agreement that needs to be fulfilled by the federal government.

"With the conclusion of the agreements and handing over of the licenses, the critical condition precedents would be completed and fulfilled. This means the master agreement will take effect from Sep 9, 2015."

As the master agreement comes into effect, Air Selangor can now hand over the required land titles with a value of up to RM2 billion to PAAB in order to provide the necessary funds for Air Selangor to take over the Selangor water concessionaires.

- Bernama