On December 20, Malaysia’s MyHSR Corporation and Singapore’s SG HSR PTE LTD launched the joint tender for the Assets Company (‘AssetsCo’) for Kuala Lumpur-Singapore high-speed rail project.
The AssetsCo 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.
“Today [December 20] marks a major milestone for this game-changing project, which will dramatically improve connectivity between Singapore and Malaysia. We are heartened by the enthusiastic response from the market for the Kuala Lumpur-Singapore HSR so far. Their feedback at the two Industry Briefings has been valuable in helping us design the parameters of the AssetsCo tender. We look forward to receiving high-quality competitive bids in the coming months,” Rama Venkta, SG HSR Managing Director said.
Bidders will have until 29 June 2018 to submit proposals to MyHSR Corp and SG HSR and the qualified bidder will be selected by the end of 2018. All tender submissions will be evaluated for their technical solution, commercial robustness, financial sustainability and price.
“We are delighted with the progress thus far with the submission of the Section 4 Land
Acquisition Act completed, on-going Public Inspection for alignment within Malaysia,
recently launched Project Delivery Partner and today’s joint tender launch of AssetsCo. We welcome all interested parties to submit their best proposal for the AssetsCo tender,” said Dato’ Mohd Nur Ismal Mohamed Kamal, CEO of MyHSR Corp.
A tender briefing will be held in Kuala Lumpur on 23 January 2018.
Kuala Lumpur-Singapore high-speed rail project involves the construction of a 330-km double-track line with 8 stations, of which 7 stations in Malaysia, and one station at Jurong East, in Singapore. The project is estimated at USD 16 billion and is scheduled to be put into commercial operation at the end of 2026.
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