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TRANSPORT & LOGISTICS | Staff Reporter, Singapore
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Malaysia and Singapore launch tender for high speed rail company

The company will design, build, and finance the HSR's rail assets.

The Land Transport Authority's (LTA) subsidiary SG HSR and Malaysia's MyHSR Corp launched a joint tender for Assets Company (AssetsCo) for the Kuala Lumpur-Singapore High Speed Rail (HSR) project.

According to a press release, 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.

Bidders will have until 29 June 2018 to submit proposals to MyHSR Corp and SG HSR. A tender briefing will be held in Kuala Lumpur on 23 January 2018.

MyHSR Corp 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.

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