HSR industry briefing to be held next month

By MARK RAO

MYHSR Corp Sdn Bhd and Land Transport Authority of Singapore (LTA) will jointly hold an industry briefing next month, as the two bodies look to finalise the assets company (AssetsCo) tender for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.

Both regional and global players that are interested in tendering for the project are expected to attend the July briefing.

The massive HSR project is expected to connect seven cities in Malaysia and Singapore following a coastal route that would shorten travel time to 90 minutes.

The assigned AssetsCo will undertake the design, building, financing, maintenance and operations of all rolling stock and rail assets, namely track-work, power, signalling and telecommunications.

The deal is projected to be finalised by the end of this year, and the chosen AssetsCo will also also coordinate the system’s network capacity for operations and maintenance needs.

“This industry briefing marks yet another milestone in our HSR journey. Since the bilateral agreement (between Malaysia and Singapore) was signed on Dec 13 last year, we have received indications of strong market interest in this project. We hope to receive strong interest for this industry briefing too,” MyHSR CEO Mohd Nur Ismal Mohamed Kamal said in a statement.

The platform will be open to all qualified entities and will let both MyHSR — acting as the project’s delivery vehicle — and LTA to share key features of the HSR, while setting the parameters and technical specifications of the AssetsCo tender.

“We believe in interacting with the industry to allow for a well-informed and successful competitive AssetsCo tender, which will be conducted in an open, fair and transparent manner,” LTA CEO Ngien Hoon Ping said.

Interested parties can visit the MyHSR or LTA websites on registration information for the industry briefing.

Meanwhile, Bandar Malaysia, which also acts as a central hub for the HSR, is reportedly on the lookout for a new master developer for the US$10 billion (RM42.7 billion) property project, after previously terminating a RM7.2 billion deal with Iskander Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd.