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Order to suspend HSR negotiations


MyHSR’s letter, dated yesterday, added that the signing of the articles of agreements and conditions of contract, which was scheduled for today, would not take place

MyHSR’s letter, dated yesterday, added that the signing of the articles of agreements and conditions of contract, which was scheduled for today, would not take place

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) and Gamuda Bhd , the consortium that was tasked to handle the civil works of the scrapped Kuala Lumpur-Singapore High-Speed Rail (HSR) job, have been instructed to suspend all negotiations relating to the project.

In separate statements to Bursa Malaysia yesterday, the companies said they had received a letter informing them of the suspension from MyHSR Corp Sdn Bhd – the firm responsible for the development and implementation of the HSR.

They were instructed to suspend any further negotiations following the announcement by the Government on the cancellation of the project.

MyHSR’s letter, dated yesterday, added that the signing of the articles of agreements and conditions of contract, which was scheduled for today, would not take place.

The MRCB-Gamuda consortium was selected for the northern portion of the HSR; while another consortium comprising Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd and TH Properties Sdn Bhd, was appointed to handle the southern portion of the project.

Construction , Corporate News , HSR , Gamuda , MRCB

   

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