Water, Land and Natural Resources Minister Dr Xavier Jayakumar has denied a media report that the federal government has agreed to fork out up to RM1.9 billion to finance the takeover of private water supply concessionaire Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) with the Selangor government.

Singapore's The Straits Times reported today that the joint-funding deal was struck last week and could see the federal government fork out close to the sum, while the state government would give less than half of that...