Malaysia High-Speed Rail (MyHSR) has appointed two consultants to review the proposed changes of the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
The developer of the high-speed project selected Minconsult as Technical Advisory Consultant (TAC) and Ernst & Young (EY) as the Commercial Advisory Consultant (CAC) through two separate open tender process.
Both companies will work with MyHSR to assess the proposed alterations to the high-speed project, as well as identify additional cost reduction options for Malaysia.
Malaysian multi-disciplinary engineering and project management firm Minconsult will act as TAC and focus on the engineering aspects of the project. It will review and validate proposed changes to the infrastructure design, including alignment, stations and train maintenance facilities.
EY will act as CAC and evaluate commercial aspects, including economic benefits of the high-speed project, development of new business models, identify funding options and updating the ridership forecast.
MyHSr CEO Dato’ Mohd Nur Ismal Bin Mohamed Kamal said: “The appointment of TAC and CAC is a major step in the effort to develop an affordable KL-SG HSR.
“The solution will be a holistic one, it will respect the needs of the Government of Singapore, cognisant of the market expectation of the project sustainability and bankability, and without compromising on service reliability, journey time and safety.”
In September, Malaysia and Singapore agreed to postpone the construction of high-speed rail project to 31 May 2020 to explore various options to associated costs.
Once completed, the project will enable a faster connection between Malaysian capital Kuala Lumpur and Singapore.