Singapore / Kuala Lumpur, Malaysia – MyHSR and SG HSR has announced an extension of time for the submission of bids for the Kuala Lumpur-Singapore High Speed Rail (KL-Singapore HSR) Assets Company (AssetsCo) tender. Bidders will now have until 28 December 2018 to submit their proposals. This extension of time will not affect the 31 December 2026 date for the commencement of the HSR Express Service from Kuala Lumpur to Singapore.
The AssetsCo tender was jointly called by MyHSR Corp and SG HSR on 20 December 2017. The AssetsCo will be responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets such as track work, power, signalling and telecommunications for the KL-Singapore HSR project. The AssetsCo will also manage the system network for operations and maintenance needs.
In a joint statement, Chief Executive Officer of MyHSR, Dato’ Mohd Nur Ismal Mohamed Kamal and SG HSR Managing Director, Mr. Rama Venkta said: “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. We look forward to receiving high quality and competitive proposals from all the bidders.”
Following the close of the tender, MyHSR Corp and SG HSR expect to complete their evaluation and announce the tender results by the third quarter of 2019.