AssetsCo tender called for KL-Singapore HSR project

KUALA LUMPUR (Dec 20): SG HSR and MyHSR Corp of Malaysia have called a joint tender for a private-financed assets company (AssetsCo) to work on the Kuala Lumpur-Singapore High Speed Rail (HSR) mega project, The Edge Singapore’s website reported today.

The AssetsCo will be responsible for the designing, building, financing and maintaining of all rolling stock, as well as the designing, building, financing, operating and maintaining of all rail assets – such as track work, power, signalling and telecommunications – for the KL-SG HSR project.

SG HSR is a wholly-owned subsidiary of the republic’s Land Transport Authority (LTA)   

The company will also coordinate the system’s HSR network capacity for operations and maintenance needs, said LTA.

The Edge Singapore also reported that a tender briefing will be held in Kuala Lumpur on Jan 23 next year.

MyHSR Corp and SG HSR will then jointly select a qualified bidder by the end of 2018.

The deadline for bidders to submit their proposals is June 29, 2018. 

LTA added that the latest development comes after extensive preparations by MyHSR Corp and SG HSR since the KL-SG HSR bilateral agreement was signed by Malaysia and Singapore in December 2016.

“Today 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 IndustryBriefings 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,” said SG HSR managing director Rama Venkta.