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April 23, 2018

Kuala Lumpur-Singapore HSR asset bids deadline extended to December

The developers of the Kuala Lumpur-Singapore High Speed Rail (KL-Singapore HSR) have extended the deadline for the submission of bids to provide assets to the project until 28 December this year.

The developers of the Kuala Lumpur-Singapore High Speed Rail (KL-Singapore HSR) have extended the deadline for the submission of bids to provide assets to the project until 28 December this year.

MyHSR and SG HSR jointly launched the assets company (AssetsCo) tender on 20 December last year.

The company selected through this tender process will be responsible for designing, building, financing and maintaining all rolling stock for the KL-Singapore HSR.

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

It will also be in charge of designing, developing, financing, operating and maintaining all rail assets of this high speed network including track work, power, signalling and telecommunications.

Furthermore, the AssetsCo will manage the system network for operations, and maintenance requirements.

In a joint statement, MyHSR CEO Dato’ Mohd Nur Ismal Mohamed Kamal and SG HSR managing director 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.”

Following the closure of the tender, the two entities will assess the applications and announce the results by the third quarter of next year.

They also noted that this extension to the AssetCo tender process will not delay the scheduled commencement date of operations of this high speed service.

The KL-Singapore HSR is expected to start operations from 31 December 2026.

 

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