News About hsr

Ho Hup profit almost halves in 2Q amid higher finance cost, lower revenue

By Tan Xue Ying Aug 29

KUALA LUMPUR (Aug 29): Ho Hup Construction Company Bhd's net profit for the second quarter ended June 30, 2017 (2QFY17) fell 47% year-on-year to RM10.82 million from RM20.35 million, due to higher finance costs amid lower revenue.

KL–Singapore HSR briefing in September ahead of AssetsCo tender

By Chong Jin Hun Aug 23

KUALA LUMPUR (Aug 23): Malaysia's MyHSR Corp Sdn Bhd and Singapore's Land Transport Authority (LTA) will jointly conduct a second industry briefing this Sept 26, as both government-linked entities prepare to solicit bids for the Kuala Lumpur-Singapore High Speed Rail (HSR) assets company (AssetsCo).

Interested parties encouraged to form consortia to take part in KL-Singapore HSR tender

By Sulhi Azman Jul 05

KUALA LUMPUR (July 5): The latest industry briefing on the upcoming development of the 350km-long Kuala Lumpur-Singapore High Speed Rail (HSR) attracted close to 400 participants from 165 local and international and local entities, which was jointly organised by MyHSR Corp Sdn Bhd and Land Transport Authority of Singapore (LTA).
 
In a joint statement today, MyHSR and LTA said the briefing, conducted in Singapore, was a platform for the two governments to provide the latest update on the harmonisation of regulatory requirements for parties interested in tendering for the upcoming Assets Company (AssetsCo).
 
The tender for the AssetsCo, the two agencies said, is targeted to be called by the fourth quarter of this year.
 
“The briefing also served as a platform to encourage interested companies to form consortia to participate in the AssetsCo tender,” the two government agencies said in a joint statement.
 
According to both MyHSR and LTA, the AssetsCo is responsible for designing, building, financing and maintaining all rolling stocks and railway assets that include track-work, power, signalling and telecommunications.
 
“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 transport 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 progress of the HSR, including indicative tender parameters and procurement processes.
 
The ambitious billion ringgit HSR will cut travelling time between Kuala Lumpur, Malaysia and Singapore to around 90 minutes from the usual five-hour drive.
 
The HSR is expected to have eight stations, with seven stops in in Malaysia — Bandar Malaysia, Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri — and one in Jurong East, Singapore. — theedgemarkets.com

Kuala Lumpur-Singapore HSR assets firm tender may draw up to 10 bids

By Khairie Hisyam Aliman Jun 21

KUALA LUMPUR (June 21): The upcoming tender to appoint a privately financed assets company (AssetsCo) for the development of the Kuala Lumpur-Singapore high-speed rail (HSR) project may see up to 10 bidding consortiums, said MyHSR Corp Sdn Bhd chief executive officer Mohd Nur Ismal Mohamed Kamal.

Industry briefing on KL-Spore HSR project in July ahead of assets company tender

By Anette Appaduray Jun 06

KUALA LUMPUR (June 6): MyHSR Corp Sdn Bhd and the Land Transport Authority of Singapore (LTA) will jointly conduct an industry briefing next month in preparation for the assets company (AssetsCo) tender for the Kuala Lumpur-Singapore High Speed Rail (HSR) project.

Mega rail projects on the cards for construction sector

By Hong Leong Investment Bank Research May 16

Construction sector

AECOM bags Reference Design Consultant package for KL-Singapore HSR project

By Adela Megan Willy May 08

KUALA LUMPUR (May 8): MyHSR Corp Sdn Bhd has appointed American multinational engineering firm AECOM for civil reference design works for the high speed rail (HSR) infrastructure, which stretches from the south of Iskandar Puteri Station to the international border of Malaysia and Singapore.

First tender for KL-Singapore high-speed rail assets up in 4Q2017

By Sangeetha Amarthalingam & Sulhi Azman May 03

KUALA LUMPUR (May 3): The first tender for the KL-Singapore high-speed rail (HSR) project will be called in the final quarter of 2017 for the purpose of setting up an assets company (AssetsCo), said Land Public Transport Commission (Spad) chairman Tan Sri Syed Hamid Albar.

Mixed performance in 4Q2016

By Racheal Lee Feb 28

THE property market in Johor will remain challenging this year and developers will focus on clearing stock and selling products priced below RM700,000.

MyHSR Corp launches strategic development framework along KL-Singapore HSR corridor

By Chester Tay Feb 20

KUALA LUMPUR (Feb 20): MyHSR Corp Sdn Bhd has launched a strategic development framework (SDF) to outline socioeconomic development direction along the 350km Kuala Lumpur Singapore High Speed Rail (HSR) corridor.