M'sia Airports given 35 more years to manage KLIA, other airports
The airport operator told Bursa Malaysia that the Cabinet had in December last year approved the extension of the operating period from the existing 25 years to 60 years.
MAHB received on Jan 27 a letter from the Transport Ministry dated Dec 28, 2016, informing it that the extension approvals were granted at a Cabinet meeting on Dec 21, 2016.
The approvals are subject to terms and conditions.
A “negotiation committee” chaired by the Transport Ministry would be formed to negotiate the relevant new terms and conditions, MAHB said.
The committee will comprise representatives from MAHB, the Finance Ministry and other relevant Government agencies.
The new terms and conditions would subsequently be submitted to the Cabinet for its consideration and approval, said MAHB.- 3/2/2017