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Kuala Lumpur, Kuala Lumpur, Malaysia

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Others

BackFeb 03, 2017
Type Announcement
Subject OTHERS
Description

EXTENSION OF THE OPERATING AGREEMENT BETWEEN THE GOVERNMENT OF MALAYSIA AND MALAYSIA AIRPORTS HOLDINGS BERHAD (MAHB)

Malaysia Airports Holdings Berhad (MAHB) wishes to announce that, via a letter dated 28 December 2016 from Kementerian Pengangkutan Malaysia (Ministry of Transport Malaysia), which was received by MAHB on 27 January 2017, MAHB has been granted the following approvals as per the decision of the Mesyuarat Jemaah Menteri (Cabinet Meeting) dated 21 December 2016:

  1. Extension period of the Operating Agreement for KL International Airport (KLIA) between the Government of Malaysia (GoM) and MAHB and Malaysia Airports (Sepang) Sdn Bhd which was entered into on 12 February 2009 for an additional period of 35 years i.e. from the existing 25 years to 60 years; and
  2. Extension period of the Operating Agreement For Designated Airports between the GoM and MAHB and Malaysia Airports Sdn Bhd which was entered into on 12 February 2009 for an additional period of 35 years i.e. from the existing 25 years to 60 years.

The approval of items (i) and (ii) above are subject to the terms and conditions of the respective Agreements. 

A Jawatankuasa Rundingan (Negotiation Committee) will be established to negotiate the relevant new terms and conditions, to be chaired by the Ministry of Transport Malaysia and comprising members from Kementerian Kewangan Malaysia (Ministry of Finance Malaysia), MAHB and other relevant Government agencies (as required). Subsequently, the relevant new terms and conditions will be submitted to Cabinet for its consideration and approval accordingly.

Further announcement will be made once the respective Agreements are signed.

This announcement is dated 3 February 2017.





Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 03 Feb 2017
Category General Announcement for PLC
Reference Number GA1-03022017-00038