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Thursday, 6 July 2017

(The Edge Financial Daily) KL-S’pore HSR briefing draws 165 foreign, local firms

Regulatory updates were given on tender for the AssetsCo

BY SULHI AZMAN

KUALA LUMPUR: The industry briefing, jointly organised by MyHSR Corp Sdn Bhd and Land Transport Authority of Singapore (LTA), on the upcoming development of the 350km-long Kuala Lumpur-Singapore high-speed rail (HSR) attracted close to 400 participants from 165 local and international entities.

In a joint statement, MyHSR and LTA said the briefing held yesterday in Singapore was a platform for the two governments to provide the latest update on the regulatory requirements’ harmonisation for parties interested in tendering for the upcoming assets company (AssetsCo). The tender for the AssetsCo, the two agencies said, is targeted to be called by the fourth quarter of this year.

“The briefing was also a platform to encourage interested companies to form consortia to participate in the AssetsCo tender,” the two government agencies said in a joint statement.

According to MyHSR and LTA, the AssetsCo is responsible for designing, building, financing and maintaining all rolling stocks and railway assets including track work, power, signalling and telecommunications.

“The AssetsCo will also develop and implement a network code, to coordinate the system’s network capacity for operations and maintenance needs,” the two agencies added.

At the same time, both transportation agencies said the AssetsCo tender will prioritise safety and security, availability and reliability, proven technology, operations flexibility, customer-centric design, value for money and collaborative project implementation as procurement objectives.

The agencies also provided the participants, most of whom are within the HSR value chain, updates on the HSR’s progress including indicative tender parameters and procurement processes.

The ambitious billion-ringgit HSR, expected to complete by end-2026, will cut travelling time between Kuala Lumpur, Malaysia and Singapore to around 90 minutes from the usual five-hour drive.

The HSR is expected to have eight stations, with seven stops in Malaysia — in Bandar Malaysia, Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri — and one in Jurong East, Singapore.