Friday, September 9, 2011

Syabas seeks RM1.05b from Selangor govt

KUALA LUMPUR: Syarikat Air Selangor Sdn Bhd has filed a statement of claim for RM1.054 billion on the Selangor government as compensation under the terms of the concession agreement.

PUNCAK NIAGA HOLDINGS BHD [] said on Friday, Sept 9 the compensation was due to it from Jan 1, 2009 to March 31, 2011 under the concession agreement dated Dec 15, 2004. The agreement was between Syabas, the Federal Government and the Selangor Government.

It said Syabas was seeking a declaration that RM1.054 billion was due and owing from the Selangor government from January 200 to March 2011.

It added the costs of the action be paid by the state government to Syabas and such further or other relief or remedy as the''court shall deem just.

The Kuala Lumpur High Court fixed the matter for case management on Sept 22.

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