The two companies responsible for Kuala Lumpur-Singapore high-speed rail announced a 6-month extension for the submission of the bids under the project’s Assets Company (AssetsCo) tender, following a “strong interest”.
The initial deadline was set for 29 June 2018, but it was extended to 31 December 2018. The results of the tender will be unveiled by the third quarter of 2019.
“We are encouraged by the strong interest in the AssetsCo tender. While the bidders are progressing with their tender preparations, they have also requested for additional time to develop their tender submissions that offer better value to both Governments. After careful consideration, we have extended the tender submission deadline by six months, in view of the complexity and scale of the project. We look forward to receiving high quality and competitive proposals from all the bidders,” the companies say.
This extenstion will not affect the schedule for the launch of transport services, which should start in December 2026, MyHSR Corp and SG HSR announced.
The AssetsCo tender was jointly called in December 2017. The company will be responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets (e.g. trackwork, power, signalling and telecommunications) for the Kuala Lumpur-Singapore HSR. The AssetsCo will also coordinate the system’s network capacity for operations and maintenance needs.
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