A tender to set up a privately-financed asset company (AssetsCo) for the Kuala Lumpur-Singapore High Speed Rail (HSR) project is likely to be called in mid-December, according to MyHSR Corp Sdn Bhd chief executive officer, Datuk Mohd Nur Ismal Mohamed Kamal. “It will then take a year for the governments to decide on who will be the winners. It needs a year as it is a complicated tender,” he explained. The possible contenders include companies from Japan, China, South Korea and European countries.
AssetsCo will be responsible for the design, build, finance and maintenance of rolling stock, and the design, build, finance, operate and maintenance of rail assets. The rail assets include track-work, power, signalling and telecommunications. The 350km long high-speed rail will cut travel time between Kuala Lumpur and Singapore to just 90 minutes from about four hours.
Share on:
