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KL-S’pore HSR industry briefing attracts 165 international, local companies


MyHSR CEO Mohd Nur Ismal Mohamed Kamal

MyHSR CEO Mohd Nur Ismal Mohamed Kamal

SINGAPORE: The Industry Briefing for the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) project conducted today attracted 165 international and local companies.

It was jointly undertaken by Malaysia’s MyHSR Corporation Sdn Bhd (MyHSR)  and the Land Transport Authority of Singapore (LTA).

The participants were from across the entire HSR value chain, including suppliers and integrators of rolling stock and systems, network operators, engineering and legal consultants, financiers and investors, operators as well as construction companies.

The briefing updated participants on the progress of the KL-SG HSR project, including indicative tender parameters, procurement processes and harmonisation of regulatory requirements for the upcoming Assets Company (AssetsCo) tender.

It also served as a platform to encourage interested companies to form a consortia to participate in the AssetsCo tender.

“We are pleased with the strong interest from companies all over the world for the Industry Briefing and to take the opportunity to reaffirm both the governments’ strong commitment to make this project a success,” LTA Chief Executive, Ngien Hoon Ping said in a statement here.

He said following the Industry Briefing, the AssetsCo tender will be called by year- end.

“We look forward to receiving quality bids from various consortia,” he added.

AssetsCo is responsible for the design, building, financing and maintenance of all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets such as track-work, power, signalling and telecommunications.

Meanwhile,  MyHSR chief executive officer Mohd Nur Ismal Mohamed Kamal said the Kl-SG HSR is a large transport infrastructure project for both countries.

“As such, it is essential that we explore all opportunities for innovation to ensure that it is implemented in the most efficient manner.

“The project will be implemented in phases.This current phase focuses on the AssetsCo tender. Other tenders such as the Civil and Operating Company (OpCo) will be developed according to the project timeline and an announcements will be made in due course,” he added.

AssetsCo will also develop and implement a Network Code, to coordinate the system’s network capacity for operations and maintenance needs.

The AssetsCo tender will prioritise safety and security, availability and reliability, proven technology, operations flexibility, a customer centric design, value for money, and collaborative project implementation as procurement objectives.

Following the briefing, further meetings have been scheduled with the participants to facilitate discussions and obtain feedback on the briefing topics.

The feedback received will relate to the ongoing design of the procurement plan and tender specifications.

The KL-SG HSR is a strategic project between the governments of Malaysia and Singapore and aims to facilitate seamless travel between both countries, enhance business linkages and bring the people of both countries closer.

Both countries signed a Bilateral Agreement on Dec 13, 2016, which captured the key points of agreement on the project, including the technical parameters, commercial model, customs, immigration and quarantine clearance, safety and security matters, regulatory structure and project management approach.

The KL-SG HSR will open with eight stations, namely Bandar Malaysia, Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri stations in Malaysia and the Jurong East station in Singapore.

It is a 350-kilometre rail line venture that will link the two cities in 90 minutes with the express service targeted for commencement by Dec 31, 2026. - Bernama

Corporate News , HSR , high speed rail

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