Following the Industry Briefing on Kuala Lumpur – Singapore HSR project, where 400 participants from 165 international and local entities participated, the Chief of Land Transport Authority of Singapore, Ngien Hoon Ping, announced that by the end of 2017 it will be called the AssetsCo tender. AssetsCo is responsible for the designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets within the high speed project.
“We are pleased with the strong interest from companies all over the world for the Industry Briefing. We would like to take this opportunity to reaffirm both Governments’ strong commitment to make this project a success. Following the Industry Briefing, we will be calling the AssetsCo tender by the end of this year, and we look forward to receiving quality bids from various consortia,” Ngien Hoon Ping said.
The objective of the briefing was to inform the participants on the progress of the Kuala Lumpur – Singapore HSR project to date, including indicative tender parameters, procurement processes and the harmonisation of regulatory requirements for the upcoming Assets Company (AssetsCo) tender. The briefing also served as a platform to encourage interested companies to form consortia to participate in the AssetsCo tender.
The AssetsCo tender will prioritise safety and security, availability and reliability, proven technology, operations flexibility, customer centric design, value for money, and collaborative project implementation as procurement objectives.
The Kuala Lumpur – Singapore HSR project is estimated at USD 16 billion ad consists of the construction of a 350-km double track line, a bridge between the two countries, across Johore Strait. 15 km of the total line length will be built in Singapore, while the remaining 335 km, in Malaysia. 8 railway stations will also be built and designed to integrate all local public transport systems to provide seamless services.
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