MRCB Gamuda, YTL-THP secure parts of HSR project

By NUR HAZIQAH A MALEK / Graphic By TMR

The Malaysian Resources Corp Bhd-Gamuda Bhd consortium (MRCB Gamuda consortium) and Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd-TH Properties Sdn Bhd consortium (YTL-THP) have been appointed as the project delivery partners (PDPs) for the high-speed rail (HSR) project.

In a separate exchange filing yesterday, the MRCB Gamuda and YTL-THP-led consortiums noted having accepted letters of appointment from MyHSR Corp Sdn Bhd for the northern and southern work package respectively.

The MRCB Gamuda consortium’s letter of appointment is subject to a commitment bond of RM5 million and corporate guarantees by each of the consortium’s parent companies within 14 days.

According to Gamuda, the PDP-north package project shall be novated to a company known as MRCB Gamuda Sdn Bhd.

“The breakdown of the total capital and investment outlay of both, Gamuda and MRCB in the PDP company will be according to their respective proportion of interest in the consortium, that is 50:50,” it said.

The northern section of the HSR project spans from the Bandar Malaysia station to the contract boundary, which is the first standard viaduct pier on the Melaka station’s south side.

Previously, Gamuda was also the PDP for the Klang Valley Mass Rapid Transit project, alongside MMC Corp Bhd, and formed MMC Gamuda KVMRT (T) Sdn Bhd as the underground works package contractor.

Meanwhile, the PDP-south package, which will be handled by YTL-THP, spans from the first standard viaduct pier on the south side of the Melaka station, to the international boundary between Malaysia and Singapore.

The PDPs will be designing and delivering civil works for the Kuala Lumpur(KL)-Singapore (SG) HSR project which is worth RM38.4 billion at an agreed cost and schedule.

The Malaysian Reserve recently reported the bids submission for the project’s assets company tender has been extended to Dec 28, 2018, six months from its previous deadline.

According to MyHSR Corp and SG HSR Pte Ltd, the deadline shift will not affect the project’s commencement date, set at Dec 31, 2026, while the tender results announcement will be made by the third quarter of 2019.

The call for the KL-SG HSR assets company tender was made on Dec 20 last year.