Search Articles

Find tips, tools and how-to guides on every aspect of property

Industry Briefing For HSR To Attract Regional And Global Entities

test

Industry Briefing For HSR To Attract Regional And Global Entities

KUALA LUMPUR, June 6 — An industry briefing, in preparation for the assets company (AssetsCo) tender for the Kuala Lumpur — Singapore High-Speed Rail (HSR) project, is expected to attract the participation of regional and global entities.

To be held next month, the briefing will be jointly organised by MyHSR Corporation Sdn Bhd (MyHSR) of Malaysia and the Land Transport Authority of Singapore (LTA) and is open to all qualified entities.

The briefing will serve as a platform for MyHSR and LTA to share key features of the HSR project, as well as indicative AssetsCo tender parameters and technical specifications.

It will also provide an opportunity for a dialogue between MyHSR, LTA and the industry as well as those interested in participating in the project tender by AssetsCo, to be called by year-end.

AssetsCo will be responsible for the design, building, financing and maintenance of all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets.

In a joint statement today, MyHSR Chief Executive Officer Mohd Nur Ismal Mohamed Kamal and LTA Chief Executive Ngien Hoon Ping said the industry briefing marked yet another milestone in the HSR journey.

“Since the bilateral agreement was signed last December, we have received indications of strong market interest in this project. We hope to receive strong interest for this industry briefing too,” they said.

Mohd Nur Ismail and Ngien said in line with the exercise conducted for the joint request for information in December 2015, the two parties believe in interacting with the industry, to allow for a well-informed and successful competitive AssetsCo tender, which will be conducted in an open, fair and transparent manner.

Interested parties can visit the MyHSR website (www.myhsr.com.my) or LTA website (https://www.lta.gov.sg/content/ltaweb/en/featured-projects/hsr.html) for more information on registration for the industry briefing.

Disclaimer: The information is provided for general information only. iProperty.com Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More Articles