PFI for RM10 billion Klang River cleaning project

SHAH ALAM: The RM10 billion Klang River cleaning project, which is part of the river’s RM50 billion rehabilitation and development project, is expected to be funded via a private financing initiative (PFI).

Selangor Menteri Besar Tan Sri Khalid Ibrahim said yesterday (March 16) that a detailed briefing on the project would be held on March 29, 2010.

“We will come up with a detailed briefing whereby all the four companies involved and the state will discuss the scheme and how to allocate the task of cleaning up the river,” he told reporters after a briefing on i-City, the country’s first digital city, here yesterday.

This article appeared in The Edge Financial Daily, March 17, 2010.