KUALA LUMPUR, Oct 30 (Bernama) -- Suria Strategic Energy Resources Sdn Bhd (SSER), a Minister of Finance Incorporated company, and the Export-Import Bank of China (CEXIM) today signed a loan repurposing agreement valued at RM5 billion to finance the Northern Perak Water Supply Scheme (NPWSS).
SSER, CEXIM Sign RM5 Bln Loan Repurposing Agreement For NPWSS Financing
SSER, CEXIM, NPWSS, MoF, Anwar Ibrahim, Perak, Pen
BE Bernama 
Key takeaways
SSER and CEXIM signed a RM5 billion loan repurposing agreement to finance the Northern Perak Water Supply Scheme. The Ministry of Finance stated this move reduces losses from previous pipeline projects and directs funds toward essential water infrastructure in Perak and Penang.
- The RM5 billion agreement repurposes funds previously linked to Trans-Sabah Gas Pipeline projects to finance the NPWSS.
- The project aims to supply 700 million litres of water daily to northern Perak and 300 million litres to Penang.
- Construction will be executed by local contractors, including water treatment plants in Kamunting and Bogak.
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Related reporting
3 stories on this topic from 3 sources, oldest first.
- Utusan Malaysia Kerajaan berjaya salur semula pinjaman SSER RM5 bilion
- Bernama SSER, CEXIM Sign RM5 Bln Loan Repurposing Agreement For NPWSS Financing (this story)
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