Kuala Lumpur – Singapore HSR Project ‘AssetsCo’ Tender Notice Issued

MyHSR Corporation of Malaysia and SG HSR of Singapore called a joint tender on 20 December 2017 for an Assets Company (‘AssetsCo’) for the Kuala Lumpur – Singapore High Speed Rail (‘HSR’) project.

The AssetsCo will be responsible for:

*Designing, building, financing and maintaining all rolling stock
*Designing, building, financing, operating and maintaining all rail assets (for example trackwork, power, signalling and telecommunications)
*Coordinating the system’s network capacity for operations and maintenance needs

The call for tender follows extensive preparations since the Kuala Lumpur – Singapore HSR Bilateral Agreement was signed by the Governments of Malaysia and Singapore in December 2016.

MyHSR Corp Chief Executive Officer Mohd Nur Ismal Mohamed Kamal released the following statement: “The Kuala Lumpur-Singapore HSR project is a complex and extensive transport infrastructure project for both countries, which will generate huge socio-economic benefits arising from the increased connectivity and travel efficiencies. We are delighted with the progress thus far with the submission of the Section 4 Land Acquisition Act completed, on-going Public Inspection for alignment within Malaysia, recently launched Project Delivery Partner and today’s joint tender launch of AssetsCo. We welcome all interested parties to submit their best proposal for the AssetsCo tender.”

Two industry briefings earlier in the year saw the attendance of hundreds of interested participants from international and local entities.

SG HSR Managing Director Rama Venkta stated: “Feedback at the two Industry Briefings has been valuable in helping us design the parameters of the AssetsCo tender. We look forward to receiving high-quality competitive bids in the coming months.”

Bidders will have up to and including 29 June 2018 to submit their proposal. A new tender briefing will be held in Kuala Lumpur on 23 January 2018. MyHSR Corp and SG HSR target to jointly select a qualified bidder by the end of next year.

First conceived in 2013, the 350 km Kuala Lumpur-Singapore High Speed Rail is expected to reduce travel time between Singapore and the Malaysian capital Kuala Lumpur to 90 minutes.

The project envisages the construction of a brand new rail line with dedicated tracks that will allow trains to travel at a maximum speed of 300 km/h. It aims to facilitate seamless travel between the two capital cities, enhance business linkages, and connect the peoples of both countries closer together.

The line will consist of eight stations, seven of which will be in Malaysia:

1-Kuala Lumpur (Bandar Malaysia)
4-Ayer Keroh
6-Batu Pahat
7-Iskandar Puteri
8-Singapore (Jurong East)

Writer: John Carlo Ottaviani

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