MyHSR extends submission deadline of concept proposals for KL-SG HSR’s RFI

PETALING JAYA: The submission deadline of concept proposals for the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) project Request For Information (RFI) has been extended until Jan 15, 2024.

MyHSR Corp, the project delivery vehicle for the KL-SG HSR project, said the extension was following requests from international and local industry players in recent weeks.

“More than 60% of the companies that had indicated their commitment to submit concept proposals for the KL-SG HSR project, which was originally scheduled by Nov 15, 2023, have requested for an extension of time as they required more time to form consortium with potential partners and explore financial options, among others.”

MyHSR Corp had on July 27, 2023, conducted the RFI briefing for the KL-SG HSR project, which drew more than 700 local and foreign participants representing the full spectrum of the project.

“At the briefing, MyHSR Corp shared an overview of the RFI process, including the timeline for local and international firms as well as consortia to submit concept proposals for the KL-SG HSR project based on a public-private partnership initiative and deliver the project based on the design-finance-build-operate-transfer model.

“Participating firms and consortia are required to demonstrate technical expertise and overall ability to develop and operate this major infrastructure system and services with the required resources and within the budgeted cost, quality and time,” said MyHSR Corp in a statement.

It added that the firms and consortia are also required to demonstrate viable commercial and business models, as well as consortium and governance framework.

MyHSR Corp chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal said he was very encouraged by the positive response from industry players, noting that more than 30 copies of the RFI documents have been purchased by local and international firms to date.

“We understand the companies need more time to produce quality proposals for the KL-SG HSR project that will be a growth engine and a much-needed impetus in catalysing the economic trajectory of Malaysia.”

The RFI exercise marks the government’s initiative to reactivate the KL-SG HSR project via new funding mechanisms and implementation models, in efforts to further improve the rail transport infrastructure and invigorate the national economy.