Japanese firms to offer equity participation to local firms in HSR bid

The Japanese package would be a truly holistic one with the best HSR technology via the first invented and world-renowned high-speed railway system, the Shinkansen, plus total transfer of technology and local vendor development to greatly benefit Malaysian and Singaporean companies, including small and medium enterprises, said Japanese ambassador to Malaysia, Makio Miyagawa.(filepic)

KUALA LUMPUR: Japanese companies will offer a substantial equity participation to local partners, besides establishing cooperation in a variety of areas, in the event of a successful bid for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.

Japanese ambassador to Malaysia, Makio Miyagawa said it would also trigger a boom for Malaysian and Singaporean companies, including small and medium enterprises.