KL-SG HSR Industry Briefing attracts 165 international, local companies

SINGAPORE: The Industry Briefing for the Kuala Lumpur-Singapore High Speed Rail (KLSG HSR) project conducted today attracted 165 international and local companies.

It was jointly undertaken by Malaysia’s MyHSR Corporation Sdn Bhd (MyHSR) and the Land Transport Authority of Singapore (LTA).

The participants were from across the entire HSR value chain, including suppliers and integrators of rolling stock and systems, network operators, engineering and legal consultants, financiers and investors, operators as well as construction companies.The briefing updated participants on the progress of the KL-SG HSR project, including indicative tender parameters, procurement processes and harmonisation of regulatory requirements for the upcoming Assets Company (AssetsCo) tender.

It also served as a platform to encourage interested companies to form a consortia to participate in the AssetsCo tender.

“We are pleased with the strong interest from companies all over the world for the Industry Briefing and to take the opportunity to reaffirm both the governments’ strong commitment to make this project a success,” LTA Chief Executive, Ngien Hoon Ping said in a statement here. He said following the Industry Briefing, the AssetsCo tender will be called by year- end.

“We look forward to receiving quality bids from various consortia,” he added.

AssetsCo is responsible for the design, building, financing and maintenance of all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets such as track-work, power, signalling and telecommunications. — Bernama