Project delivery partners of HSR project receive letters of appointment


Gamuda and MRCB will each have a 50% stake in the entity bidding for the PDP project.

KUALA LUMPUR:  The two project delivery partners (PDPs) for the KL-Singapore high speed rail (HSR) have received their respective letters of appointment from MyHSR Corp Sdn Bhd today.

The consortium of Gamuda Bhd and Malaysian Resources Corp Bhd (MRCB) is the PDP for the northern package of the project.

The contract boundary  is from Bandar Malaysia station here  to the first standard viaduct pier on the south side of Melaka station.

Gamuda told Bursa Malaysia today that the appointment is subject to the JV submitting a commitment bond for RM5mil and corporate guarantees by Gamuda and MRCB in favour of MyHSR Corp within 14 days.

Gamuda said the PDP-north package project would be novated to a PDP company known as MRCB Gamuda Sdn Bhd in due course for implementation purposes.
“The breakdown of the total capital and investment outlay of both, Gamuda and MRCB in the PDP company will be according to their respective proportion of interest in the consortium, that is 50:50,” it said.

Meanwhile, the southern portion’s PDP was awarded to the consortium YTL Corp Bhd and TH Properties Sdn Bhd.

"The area for the PDP-south package is from the contract boundary, being the first standard viaduct pier on the south side of the Melaka station, to the international boundary between Malaysia and Singapore," YTL said in a separate filing with exchange today.

The PDPs will be responsible for designing and delivering the civil works for the KL-SG HSR project at an agreed cost and schedule. It shall carry out all necessary activities throughout the planning, construction, testing, and commissioning phases, amongst others.  

The high-speed rail is a strategic project between the governments of Malaysia and Singapore that aims to facilitate a 90-minute travel time between Kuala Lumpur and Singapore.

The service between Kuala Lumpur and Singapore is targeted to begin by Dec 31, 2026.

 

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