KL-Singapore HSR bids submission time extended to December 28, 2018

KUALA LUMPUR: MyHSR Corp Sdn Bhd (MyHSR Corp) and SG HSR Pte Ltd (SG HSR) have extended the time for the submission of bids for the Kuala Lumpur-Singapore High-Speed Rail (KL-Singapore HSR) Assets Co (AssetsCo) tender, in view of the complexity and scale of the project.

In a joint statement yesterday, the companies said bidders would now have until Dec 28, 2018, to submit their proposals.

“This extension of time will not affect the Dec 31, 2026 date for the commencement of the HSR Express Service from Kuala Lumpur to Singapore,” they said.

The two parties had jointly called for AssetsCo’s tenders on Dec 20, 2017, where the AssetsCo would be responsible for designing, building, financing and maintaining all rolling stock for the KL-Singapore HSR project.

The AssetsCo would also be in charge of designing, building, financing, operating and maintaining all rail assets, such as track work, power, signalling and telecommunications, and manage the system network for operations and maintenance needs.

“We are encouraged by the strong interest in the AssetsCo tender. While the bidders are progressing with their tender preparations, they have also requested for additional time to develop their tender submissions to offer better value to both governments.

“After careful consideration, we have extended the tender submission’s deadline by six months, and we look forward to receiving quality and competitive proposals from all bidders,” said Chief Executive Officer of MyHSR Corp, Datuk Mohd Nur Ismal Mohamed Kamal and SG HSR Managing Director, Rama Venkta.

Following the close of the tender, MyHSR Corp and SG HSR are expected to complete their evaluation and announce the tender results by the third quarter of 2019.

The strategic project aimed to facilitate seamless travel between Kuala Lumpur and Singapore.