Why HSR AssetsCo had to go

Public explanation: Esa (left) and Mohd Nur at the press conference in Kuala Lumpur.

KUALA LUMPUR: Malaysia needed to ensure it has adequate flexibility to deliver the best value for the country in the construction and operation of the proposed high speed rail (HSR) from Kuala Lumpur to Singapore, and for that reason, any additional layer that adds cost and unnecessary rigidity of the project has to go under the present climate.

At a press conference here yesterday, MyHSR Corporation Sdn Bhd, the HSR project owner on the Malaysian side, explained why the AssetsCo, an entity originally proposed to govern the procurement and operations of the bilateral project, had outlived its purpose, and more so during a pandemic.