HSR AssetsCo bids extended until December


The submission of bids for Malaysia and Singapore to appoint assets company (AssetsCo) for the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) has been extended until Dec 28, 2018, from the previous June 29 deadline.

In a joint statement yesterday, MyHSR Corp Sdn Bhd CEO Datuk Mohd Nur Ismal Mohamad Kamal and SG HSR Pte Ltd MD Rama Venkta said bidders’ interest in the tender has led to requests for additional time to develop their submissions.

“We are encouraged by the strong interest in the AssetsCo tender. While the bidders are progressing with their tender preparations, they have also requested for additional time to develop their tender submissions that offer better value to both governments.”

“After careful consideration, we have extended the tender submission deadline by six months, in view of the complexity and scale of the project,” they said in the statement.

MyHSR Corp and SG HSR expect to complete the evaluation and announce the call’s results by the third quarter of 2019.

According to the companies, the extension will not affect the commencement date of the HSR Express Service from Kuala Lumpur to Singapore, on Dec 31, 2026.

The AssetsCo will be responsible for designing, building, financing and maintaining all rolling stock and rail assets such as track work power, signalling as well as telecommunications for the KL-SG HSR project.

The company will also be responsible for the system’s network capacity for operations and maintenance needs. The tender call was made on Dec 20, 2017, and garnered much interest from various countries, especially Japan and China.

The Malaysia Reserve (TMR) previously reported that Japan had a great chance of winning the project’s tender, and the project welcomes more countries to participate in the bidding.

This is because the country’s well-known HSR system called the Shinkansen, or Bullet Train, has not experienced any fatal accidents since beginning its operations in 1964.

TMR also reported that the project delivery partner and upcoming AssetsCo tenders include two major procurement exercises at the current stage of the US$11 billion (RM42.87 billion) project.