My HSR CORP OPENS UP 60 CIVIL, DESIGN WORK PACKAGES

More than 40pc will be awarded to Bumi companies, says MyHSR Corp

THE Kuala Lumpur-Singapore high-speed rail (HSR) project will offer about 60 civil and design work packages along the 335km alignment from Kuala Lumpur to Iskandar Puteri.

All civil works will be awarded to local contractors that have the required expertise.

Of the total work packages, more than 40 per cent would be awarded to Bumiputera companies, said MyHSR Corp Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.

“We expect the first tender to open by the first half of next year. We aim to complete the project on schedule and on budget for commercial operations to start on time,” he told NST Business yesterday.

The project is in the early phases of design and land acquisition, and is reportedly valued at about US$17 billion (RM67 billion).

The HSR is expected to start operations from 2026.

Nur Ismal said the HSR was not merely a transport and infrastructure project, but rather a socio-economic development project.

MyHSR’s Project Delivery Partners (PDPs) are Malaysian Resources Corp Bhd–Gamuda Bhd (MRCB Gamuda consortium) and Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd–TH Properties Sdn Bhd (YTL-THP consortium).

The PDPs will be reregistered sponsible for infrastructure works in the northern and southern stretches, with a 50:50 scope in work packages.

Asked on the need to have two PDPs, Nur Ismal said it was due to the sheer size of the project as well as the aspect of risk management.

“The two PDPs were selected via an open tender process, which was open to locallyregistered companies with CIDB class 7 and experience in rail constructions,” he said, adding that three consortia made bids and the top two were selected. “Both PDPs will alhelp so procure contractors for the work packages.”

He said MyHSR Corp would like to create more players that had experience and credentials in HSR development.

“In terms of risk management, we thought it was better to split (the project) into two PDPs. They will also have tighter control on the areas under their jurisdiction.”

It is estimated that the HSR project would result in spillovers of up to RM650 billion to the gross national income and create 442,000 jobs by 2069 if the coverage area incorporates comprehensive master planning, including transit-oriented developments and hub zones within a 5km radius of the HSR stations.

MyHSR Corp has worked with key authorities since 2016 to develop socio-economic development programmes for inclusive and sustainable growth along the Kuala Lumpur-Singapore HSR corridor.