MAHB privatisation to ease pressure on govt’s financial coffers

: The privatisation of Malaysia Airports Holdings Bhd would significantly ease the pressure on the government’s financial coffers, as the airport operator would not be fully dependent on the government to finance its operational activities and capital expenditures.

“This is a strategic move as the controlling stake is within the prerogative of the government while at the same time reducing taxpayer’s contributions,” he noted. Collectively, Malaysian investors would own 70 per cent of MAHB, while ADIA and the Global Infrastructure Partners , one of the world’s premier infrastructure investors and an experienced airport owner and manager, will hold the remaining 30 per cent.

“It is also a norm for MAHB investors to seek the airport operator’s justification for operational expenditures to reduce wastage and plausibly to unearth the optimum methodology to operate the organisation,” he said.

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