“For now, it appears that a local partner in the AssetsCo may have little role to play as most local companies/contractors have limited experience in HSR asset and operations.
“We understand that the AssetsCo tender will be among the largest in the world and central to the overall operating structure.
The AssetsCo will not be responsible for the civil works. It will lease the trains to the Operating Company (OpCo) International and OpCo Domestic.
“The AssetsCo will generate two revenue sources, i.e. 1) concession/availability payments from MyHSR and LTA throughout the concession life, and 2) leasing income from HSR’s operating companies (OpCo’s),” it said.