MYHSR APPOINTS 2 CONSULTANTS
Minconsult, Ernst & Young appointed as technical and commercial advisory consultants via tender exercise
MYHSR Corporation Sdn Bhd (MyHSR) has successfully completed two separate open tender exercises to appoint its Technical Advisory Consultant (TAC) and Commercial Advisory Consultant (CAC) for the Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project.
In a statement yesterday, MyHSR said the TAC and CAC tender exercises were open to all qualified companies with relevant expertise and experience.
“Over three months between April and June, MyHSR had received numerous proposals from local and international companies.
“Upon evaluation and completion of the tender process, MyHSR
had appointed Minconsult Sdn Bhd and Ernst & Young (EY) as the TAC and CAC respectively,” it said.
Minconsult Sdn Bhd is a Malaysian multi-disciplinary engineering and project management firm with experience in numerous local railway projects.
Its railway portfolio encompasses feasibility studies, detailed engineering design services, preparation of specifications, tendering, project management, construction supervision, as well as testing and commissioning.
EY is a global firm of financial advisors and consultants.
EY’s infrastructure team has extensive experience working with private and public sectors on business case and project development strategy, economic analysis, provision of commercial and procurement advice and raising finance on complex rail and HSR projects.
“MyHSR and its TAC and CAC will now proceed to review the proposed changes to the KL-SG HSR Project and further identify cost reduction options for the Malaysian government.”
TAC would be focusing on the engineering aspects of the project by reviewing and validating the proposed infrastructure design changes within Malaysia such as the alignment, stations, and train maintenance facilities, according to MyHSR.
MyHSR said CAC, would be focusing on commercial aspects such as developing new business models, identifying funding and financing options, updating the ridership forecast, and updating the economic benefits the project will bring to Malaysia.
“The appointment of TAC and CAC is a major step in the effort to develop an affordable KL-SG HSR.
“The solution will be a holistic one and it will respect the needs of the Singapore government, cognisant of the market expectation of the project sustainability and bankability, and without compromising on service reliability, journey time and safety,” said MyHSR chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.
The KL-SG HSR is a strategic project between Malaysia and Singapore to facilitate shorter travel time between Kuala Lumpur and Singapore.
The project will include seven stations in Malaysia — Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri, before reaching its last destination in Jurong East, Singapore.
The project is expected to bring both countries closer together by improving connectivity, deepening people-to-people ties, and creating further economic cooperation.
On Sept 5 last year, both Malaysia and Singapore agreed to suspend the construction of the KL-SG HSR project until May 31 next year.