With the Kuala Lumpur-Singapore High-Speed Rail (HSR) project attracting strong interest from various parties, an industry briefing for companies interested in participating in the tender for the assets company of the high-speed rail project will be conducted next month, according to Singapore’s Land Transport Authority (LTA) and Malaysia’s MyHSR Corporation.
Notably, the assets company (AssetsCo) will be responsible for the financing, designing, building and maintaining all rolling stock including rail assets like signalling, power and telecommunications.
To be conducted by LTA and MyHSR, the briefing will serve as a platform for the two agencies to share key features of the 350-km long high-speed rail line “as well as indicative AssetsCo tender parameters and technical specifications”.
“This industry briefing marks yet another milestone in our HSR journey. Since the bilateral agreement was signed last December, we have received indications of strong market interest in this project,” said LTA chief executive Ngien Hoon Ping and MyHSR CEO Mohd Nur Ismal Mohamed Kamal.
“We believe in interacting with the industry, to allow for a well-informed and successful competitive AssetsCo tender, which will be conducted in an open, fair and transparent manner.”
With the tender expected to be called by end-2017, the Kuala Lumpur-Singapore HSR project is expected to reduce travel time from Singapore to Kuala Lumpur to just 90 minutes.