Singapore / Kuala Lumpur, Malaysia – MyHSR of Malaysia and SG HSR of Singapore have called a joint tender for an Assets Company (‘AssetsCo’) for the Kuala Lumpur-Singapore High-Speed Rail project.
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 for the Kuala Lumpur-Singapore HSR. The AssetsCo will also coordinate the system’s network capacity for operations and maintenance needs.
The call for tender follows extensive preparations by MyHSR and SG HSR since the Kuala Lumpur-Singapore HSR Bilateral Agreement was signed by the Governments of Malaysia and Singapore in December 2016.
‘The Kuala Lumpur-Singapore HSR project is a complex and extensive transport infrastructure project for both countries, which will generate huge socio-economic benefits arising from the increased connectivity and travel efficiencies. We are delighted with the progress thus far with the submission of the Section 4 Land Acquisition Act completed, on-going Public Inspection for alignment within Malaysia, recently launched Project Delivery Partner (‘PDP’) and today’s joint tender launch of AssetsCo. We welcome all interested parties to submit their best proposal for the AssetsCo tender’ said Dato’ Mohd Nur Ismal Mohamed Kamal, CEO of MyHSR.
‘Today marks a major milestone for this game-changing project, which will dramatically improve connectivity between Singapore and Malaysia. We are heartened by the enthusiastic response from the market for the Kuala Lumpur-Singapore HSR so far. Their feedback at the two Industry Briefings has been valuable in helping us design the parameters of the AssetsCo tender. We look forward to receiving high-quality competitive bids in the coming months’ said Mr. Rama Venkta, SG HSR managing director.
Bidders will have until June 29 2018 (inclusive) to submit proposals to MyHSR and SG HSR. A tender briefing will be held in Kuala Lumpur on January 23 2018. Through this open, fair and transparent procurement process, MyHSR and SG HSR target to jointly select a qualified bidder by the end of next year.
All tender submissions will be evaluated for their technical solution, commercial robustness, financial sustainability and price.
In particular, the tender aims to identify an AssetsCo, which will provide a solution that prioritises safety and security, availability and reliability, proven technology, operations flexibility, customer centric design, value for money, and collaborative project implementation with MyHSR and SG HSR. Every bid will be assessed on its own merits. MyHSR and SG HSR welcome the interest of all companies, whether they are based in Malaysia, Singapore or overseas.