KINIBIZ Syed Mokhtar Al-Bukhary is in advanced direct negotiations with the government to build a multi-billion ringgit sewage treatment plant in a deal that could eventually lead to the privatisation of the nation’s sewerage services operator, Indah Water Konsortium Sdn Bhd, potentially worth RM3.5 billion.

Two sources separately told KiniBiz a Syed Mokhtar-controlled company is close to winning a contract worth up to RM2 billion to build the next generation Langat Centralised Sewage Treatment Plant in Hulu Langat, Selangor.

That company is likely to be Bursa-listed MMC, Syed Mokhtar’s flagship holding company for his construction and utilities assets.

A Performance Management and Delivery Unit (Pemandu) report last year explicitly mentioned a cabinet decision to award the Langat sewerage project to an MMC-Sumitomo consortium.

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