Singapore Land Transport Authority (LTA) has established SG HSR Pte. Ltd, a wholly-owned subsidiary to implement the Kuala Lumpur – Singapore High Speed Rail project.
SG HSR will be Singapore’s Infrastructure Company for the HSR project, and will build, own, fund and maintain the civil infrastructure in Singapore. This includes the HSR station in Jurong East, the tunnels and a share of the connecting bridge over the Straits of Johor.
The new company will work with Malaysian company MyHSR Corp to jointly appoint an Assets Company and an International Operator through a fair and open international tender. When HSR services commence, SG HSR will also manage the various concessions.
The initial share capital of the company is USD 1 million and the currently LTA Chairman, Alan Chan, will concurrently be the Chairman of SG HSR’s Board of Directors.
“The HSR is an exciting bilateral project that will bring Singapore and Malaysia closer, and allow people to connect more conveniently and efficiently for business and leisure. SG HSR will provide stronger management focus and dedicated resources to handle the complexities of the project and meet the ambitious 2026 timeline. SG HSR will work under the close guidance of the LTA and the Ministry of Transport to ensure smooth implementation of the HSR project,” Ngien Hoon Ping, LTA Chief Executive said.
The Assets Company (AssetsCo) is responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets. It will also coordinate the system’s network capacity for operations and maintenance needs.
The International Operator will operate the KL-Singapore Express Service (non-stop 90 minute service), and the cross-border Shuttle Service between Iskandar Puteri and Singapore.
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