Malaysia's MyHSR Corp Sdn Bhd and Singapore's Land Transport Authority tell potential bidders in a London briefing that the tender, to be called at year-end, will be open and fair.
There will also be no requirement for those making the bid to have a local partner, Malaysia’s MyHSR Corp Sdn Bhd and Singapore’s Land Transport Authority (LTA) told potential investors in London.
The tender for the AssetsCo, which will be responsible for designing, building, financing and maintaining all rolling stock, is expected to be called at the end of the year.
In addition, the company will build, operate and maintain rail assets, including track-work, power and signalling systems.
MyHSR Corp and the LTA said in a joint statement today: “The second industry briefing continues to receive strong support from industry players globally.
“This briefing was attended by over 200 participants from more than 110 international organisations which were envisioned to be directly participating in the AssetsCo tender, such as consortia, suppliers, financial institutions and investors.”
The Kuala Lumpur–Singapore HSR’s second industry briefing was held in London on Sept 26.
“MyHSR Corp and LTA emphasised that the tender will be carried out in an open and fair manner. Every bid will be assessed on its own merits and there will not be any requirement for local partners,” the statement said.
The edgemarkets.com quoted MyHSR chief executive officer Mohd Nur Ismal Mohamed Kamal as saying that since MyHSR and LTA’s first interaction with the industry in July this year, MyHSR and LTA had developed additional content and firmed up requirements leading to an effective AssetsCo tender.
The Straits Times quoted Ngien Hoon Ping, LTA’s chief executive, as saying: “We are heartened by the response from the market for this second industry briefing. It gives us confidence that we will receive high quality and competitive bids for the AssetsCo tender, which we will call by the end of the year.”
The 350km Kuala Lumpur-Singapore HSR, which will cut travel time between the two cities to 90 minutes, is targeted to be operational by end-2026.
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