Infrastructure Investments

Specialising in promotion of turnkey projects, privatisation projects, project financing and management, operation and maintenance of water facilities, the Infrastructure Investment section aims to:

• Expand the Company’s involvement in water infrastructure projects in the regional markets;
• Prospect for and invest in privatization of water infrastructure projects to generate new recurring revenues; and
• Promote the sales of the Company’s range of products and services in turnkey and privatisation projects undertake by the Division.

On BOT projects, George Kent through its Infrastructure Investment Division, is currently an equity partner of PNG Water Limited, the Concessionaire undertaking the US$120 million Port Moresby Water Supply BOT Project in Papua New Guinea.  George Kent's role in this BOT Project is as the operator responsible for the management, operation and maintenance of the water treatment plant which is being upgraded from 136 Mld to 270 Mld.  The concession period of this Project is 22 years commencing on 28 June 1997.

On 10 April 2007, the company signed an initial version of the Concession Agreement with the Government of Binzhou City, Shandong Province, China to acquire a 60% equity stake of the Concession Company that will take over the existing assets of the Binzhou Nanhai Water Company. The agreement will also see George Kent upgrade and expand the production capacity to 50MLD, operate and maintain the treatment facilities and distribute the water for a 30-year period. The total investment for the project is estimated at RMB70 million (XX ringgit).

With its past involvement as a promoter and lead partner in bidding for a series of major BOT projects in Malaysia and overseas as listed below, George Kent has been recognised as a major player in this segment of the water industry in Malaysia: