"The AssetsCo will also develop and implement a network code, to coordinate the system's network capacity for operations and maintenance needs," the two agencies added. At the same time, both transportation agencies said the AssetsCo tender will prioritise safety and security, availability and reliability, proven technology, operations flexibility, customer-centric design, value for money and collaborative project implementation as procurement objectives. 

The agencies also provided the participants, most of whom are within the HSR value chain, updates on the HSR's progress including indicative tender parameters and procurement processes. The ambitious billion-ringgit HSR, expected to be complete by end 2026. will cut travelling time between Kuala Lumpur, Malaysia and Singapore to around 90 minutes from the usual five-hour drive.

The HRS is expected to have eight stations, with seven stops in Malaysia - in Bandar Malaysia, Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri - and one in Jurong East, Singapore.