High Speed Rail’s AssetsCo tender likely to be called in December - Newsroom

latest news

Keeping informed on the latest news.

High Speed Rail’s AssetsCo tender likely to be called in December

26 oct 2017

SINGAPORE: A tender to set up a privately-financed asset company (AssetsCo) for the Kuala Lumpur-Singapore High Speed Rail (HSR) project is likely to be called in mid-December.

“It is likely,” MyHSR Corp Sdn Bhd chief executive officer, Datuk Mohd Nur Ismal Mohamed Kamal, replied briefly to Bernama on Thursday when asked on the definite date for the tender.

If the announcement was made in mid-December, it is likely to coincide with the 8th Singapore-Malaysia Leaders’ Retreat, which reportedly will be held on Dec 14 in Singapore.

AssetsCo will be responsible for the design, build, finance and maintain rolling stock, and to design, build, finance, operate and maintain rail assets.

Image credit: The Star

"The possible contenders include from Japan, China, South Korea and European countries. "

The rail assets would include track-work, power, signalling and telecommunications.

“It will then take a year for the governments to decide on who will be the winners. It needs a year as it is a complicated tender,” said Mohd Nur Ismal.

He was met on the sidelines of a breakfast talk entitled Rail Projects in Malaysia and Opportunities for Multinationals at the High Commission of Malaysia in Singapore.

MyHSR Corp and Land Transport Authority of Singapore (LTA) have always emphasised that the tender will be carried out in an open and fair manner. They noted that every bid will be assessed on its own merits and there will not be any requirement for local partners.

The 350km long high-speed rail will cut travel time between Kuala Lumpur and Singapore to just 90 minutes from about four hours.

The possible contenders include from Japan, China, South Korea and European countries.

Source by:

The Star

Share the page:

OTHER NEWS