MyHSR, SG HSR call for assets company tender
PETALING JAYA: MyHSR Corp Sdn Bhd and SG HSR Pte Ltd, the owners of the Kuala Lumpur-Singapore High Speed Rail (HSR) project, have called a joint tender for an assets company for the HSR project with bidders having up to June 29 next year to submit proposals.
The assets company will be responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets.
It will also be responsible for coordinating the system’s capacity for operations and maintenance needs.
The call for tender follows extensive preparations by MyHSR Corp and SG HSR since the Kuala Lumpur-Singapore HSR bilateral agreement was signed by the governments of Malaysia and Singapore last December.
MyHSR Corp chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal said in the joint press release that the multibillion ringgit project was progressing well with the submission of the Section 4 Land Acquisition Act completed, on-going public inspection for alignment within Malaysia, recently launched project delivery partner and the assets company joint tender launch.
“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,” he said.
Meanwhile, SG HSR managing director Rama Venkta said the assets company tender marks a major milestone for the project. “We are heartened by the enthusiastic response from the market for the Kuala LumpurSingapore HSR so far. Their feedback at the two industry briefings has been valuable in helping us design the parameters of the assets company tender,” he added.
A tender briefing will be held in Kuala Lumpur on Jan 23 with MyHSR and SG HSR targeting to appoint a qualified bidder by the end of next year through a process where bidders will be evaluated for their technical solution, commercial robustness, financial sustainability and price.
“Every bid will be assessed on its own merits,” both said, adding that the tender also aim to identify bidders which can collaborate on project implementation with MyHSR and SG HSR besides providing a solution that prioritises safety and security, availability and reliability, proven technology, operations flexibility, customer centric design and, value for money.