Malaysian Mass Rapid Transit Corporation (MRT Corp) has launched the tender for the construction and financing of MRT3, also known as Circle Line in Kuala Lumpur.
The winner will be responsible for the engineering, procurement, construction, testing and commissioning of the project on a turnkey basis and to provide financing in accordance with the requirement of the financing proposal.
The project envisages the construction of 40 km of line, of which 32 km of are twin bored tunnels and 8 km of elevated viaducts, including 26 stations, of which 19 stations will be underground and 7 elevated stations. In addition, under the project 2 depots will be constructed.
The tender calls on trackworks, rolling stock provision, signalling, power supply and other systems works.
The line will be designed as a driverless system (with specific signalling systems) and will allow trains to run at speeds of 100 km per hour.
The tender documents can be purchased from 15 November 2017 until 29 November 2017. The offers must be submitted by 29 December 2017.
The financing proposal to be submitted shall include a minimum financing period of 30 years (Drawdown up to 2028), with a minimum moratorium period of 8 years. The margin of financing should not be less than 90% of project cost.
To participate in the tender, MRT Corp said prospective applicants may form joint ventures (JVs), consortiums, partnerships or similar arrangements, with or without a separate legal entity. As for a JV, MRT Corp said it must not comprise more than eight members.
To qualify and participate in the tender, the applicants must meet the minimum financial capacity of having a paid-up capital and a shareholders’ fund that is not less than RM5 billion (USD 1.18 billion). The applicants must also demonstrate a positive earnings ratio over the last three years, calculated based on the average net profit to average turnover.
The MRT Line 3 which is part of the third and final line for the Klang Valley Mass Rapid Transit project. It will be integrated with the MRT Sungai Buloh-Kajang Line (MRT1) and the Sungai Buloh-Putrajaya-Serdang Line (MRT2).
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