Ambassador of Japan to Malaysia HE Dr Makio Miyagawa, actress Yummi and the children from Cempaka International school at the launch of Japanese High Speed Rail Shinkansen Exhibition at Isetan The Japan Store. 16 Feb 2017 chan TAK kong
SINGAPORE: Malaysia and Singapore are on track to call for tender by year-end to set up a privately-financed asset company (AssetsCo) for the Kuala Lumpur-Singapore High-Speed Rail project.
The republic’s Land Transport Authority’s (LTA) deputy chief executive Chua Chong Kheng said the countries had made good progress.
“We are currently on time to call the tender by year-end,” he said.
Chua said this to participants at the Third High-Speed Rail (HSR) Symposium, Sharing 52 years’ experience of the Shinkansen, in Singapore on Monday.
The symposium is hosted by Ministry of Land, Infrastructure, Transport and Tourism of Japan; Ministry of Foreign Affairs; Ministry of Economy, Trade and Industry; Japan External Trade Organisation; Japan Railway Technical Service; and, Japan Overseas Railway System Association.
He said in the lead up to the tender launch, both countries had engaged the market.
“We also seek views about how to improve our design and address some of the market concerns. We got very good feedback,” he said.
The first industry briefing, which was jointly conducted by LTA and MyHSR Corp Sdn Bhd of Malaysia in Singapore on July 5, attracted close to 400 participants from 165 international and local entities.
The briefing welcomed participants from across the entire HSR value chain - suppliers and integrators of rolling stock and system, network operators, engineering and legal consultants, financiers and investors, operators and construction companies.
Both countries would jointly conduct a second Industry Briefing on Sept 26 to continue the market engagement process for the HSR project, he said.
Chua said this briefing would share additional information on the AssetsCo’s tender and address some of the key queries raised by the market players in the first industry briefing.
“I would like to encourage all interest bidders to attend the second industry briefing to be held in London,” said Chua.
AssetsCo will be responsible for the design, build, finance and maintain rolling stock and to design, build, finance, operate and maintain rail assets such as track-work, power, signalling and telecommunications.
The Express Service is set to begin by Dec 31, 2026. - Bernama
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