KL-Singapore HSR AssetCo tender extended from June to December

KUALA LUMPUR (April 19): The deadline for submission of bids for the Asset Company (AssetCo) tender for the Kuala Lumpur to Singapore High Speed Rail (KL-Singapore HSR) called by MyHSR Corp Sdn Bhd and SG HSR Pte Ltd, has been extended from June 29 to Dec 28, 2018. 

The chief executive officer of MyHSR, Datuk Mohd Nur Ismal Mohamed Kamal, and SG HSR managing director Rama Venkta, said in a joint statement that the tender submission deadline has been extended by six months, after accounting for the scale and complexity of the HSR project. 

“While the bidders are progressing with their tender preparations; they have also requested for additional time to develop their tender submissions that offer better value to both governments,” the statement added. 

Following the deadline, MyHSR and SG HSR expect to complete the tender evaluations and release the tender results by the third quarter of 2019.

The joint statement said the extended deadline for AssetCo tenders will not affect the Dec 31, 2026 dateline for the commencement of operations of the HSR Express Service. 

The statement said the HSR AssetCo “will be responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets such as track work, power, signalling and telecommunications for the KL-Singapore HSR project.”

As at April 12, Bernama news agency reported that the AssetCo tender has attracted six potential bidders. — theedgemarkets.com

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