Moya Gets a Vote of Confidence as Gateway Partners becomes Controlling Shareholder
Gateway Partners became the substantial shareholder of Indonesia’s largest water treatment company, Moya Holdings Asia, in April 2018.
Moya has secured an expansion amendment to the build-operate-transfer cooperation agreement with PDAM in Tangerang, Indonesia. The total pipe network to be installed would be increased to 1,200km from 631km. Scheduled to be completed by 2024, the expansion project aims to expand the water supply capacity to 2,000 lps from the existing 950 lps, almost doubling the total pipe network in Tangerang, Indonesia.
Further details on the deal and subsequent plans can be found here.