Seven consortia submit KL-SG HSR proposals to MyHSR Corp

KUALA LUMPUR: Seven local and international consortia, comprising 31 firms that represent the full spectrum of the Kuala Lumpur-Singapore High Speed Rail (KL-Singapore HSR) project, have submitted concept proposals to MyHSR Corporation Sdn Bhd (MyHSR Corp) ahead of the deadline on Monday (Jan 15).

Chairman Datuk Seri Fauzi Abdul Rahman said the findings from the Request for Information (RFI) evaluation would be presented to the Transport Ministry and the Cabinet for deliberation.

ALSO READ: ‘Fast track HSR project’

"If the response is positive, we will move on to the second phase with the Request for Proposal (RFP) stage to obtain detailed proposals from the selected consortia," he said in a statement.

The concept proposals for the HSR project were submitted in response to the RFI exercise that MyHSR Corp launched in July 2023 to invite local and international players from the private sector to deliver the project based on a public-private partnership initiative on the design-finance-build-operate-transfer (DFBOT) model.

ALSO READ: Japanese firms opting out won't affect HSR project, says Loke

On Jan 1, 2021, Malaysia and Singapore jointly announced the termination of the HSR project as both countries failed to reach an agreement on changes proposed by Malaysia before the project agreement lapsed on Dec 31, 2020.

However, Prime Minister Datuk Seri Anwar Ibrahim announced on Aug 4, 2023, that Malaysia would submit a new proposal regarding the HSR project to Singapore after an initial decision on it was made by the government.

He said the new proposal would then be presented by Transport Minister Anthony Loke to Singapore for its consideration. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!



Next In Business News

SC, Bursa Malaysia step up monitoring to ensure stability in market amid Middle East developments
Oil settles up on Mideast tensions, posts weekly loss
Will EVs take off in Malaysia?
MAS keeps currency policy unchanged to fight elevated inflation
Adnoc decides BP is not the ‘right fit’
Vietnam VinFast’s challenges pose risk to Vingroup
Right time to tap into alternative investments
Singapore economy expands 2.7% in 1Q
Unlocking success
Traders bet ECB will chart own rate-cut path

Others Also Read