MyHSR Corporation Chief Executive Officer, Mohd Nur Ismal Mohamed Kamal, stated that the Malaysian government will call for a tender by the end of 2017 to set up a privately financed asset company (“AssetsCo”) for the Kuala Lumpur – Singapore High Speed Rail (HSR) project. MyHSR Corporation was set up to be the developer and asset owner of the Kuala Lumpur–Singapore High-Speed Rail project at Malaysian side.
“We have already appointed the Joint Development Partner and Reference Design Consultant. Next, we will go for the asset company tender”, Kamal also said.
AssetsCo will be responsible for the design, build, finance and maintenance of rolling stock and the design, build, finance, operation and maintenance of rail assets such as trackwork, power, signaling and telecommunications.
The Infrastructure packages for the project will be awarded from the first quarter of 2018, with SPAD Chairman,Tan Sri Syed Hamid Albar, explaining that the packages will be customized and ready for tender after the formation of AssetsCo.
The 350 km high speed rail is expected to reduce travel time between Singapore and the Malaysian capital Kuala Lumpur to 90 minutes.
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