JOINT NEWS RELEASE BY MYHSR & THE LAND TRANSPORT AUTHORITY (LTA) - KUALA LUMPUR - SINGAPORE HIGH SPEED RAIL ASSETSCO TENDER PREPARATION PROGRESSES SMOOTHLY WITH INDUSTRY BRIEFING

JOINT NEWS RELEASE BY MYHSR & THE LAND TRANSPORT AUTHORITY (LTA) - KUALA LUMPUR - SINGAPORE HIGH SPEED RAIL ASSETSCO TENDER PREPARATION PROGRESSES SMOOTHLY WITH INDUSTRY BRIEFING

source The Star Online

edited by kcontents

1.    MyHSR Corporation Sdn Bhd ('MyHSR') of Malaysia and Land Transport Authority of Singapore (‘LTA’) jointly conducted an Industry Briefing on 5 July in Singapore, which was attended by close to 400 participants from 165 international and local entities. The briefing welcomed participants from across the entire High Speed Rail (‘HSR’) value chain, including suppliers and integrators of rolling stock and system, network operators, engineering and legal consultants, financiers and investors, operators and construction companies.

2.    The objective of the briefing was to inform the participants on the progress of the Kuala Lumpur – Singapore HSR project to date, including indicative tender parameters, procurement processes and the harmonisation of regulatory requirements for the upcoming Assets Company (‘AssetsCo’) tender. The briefing also served as a platform to encourage interested companies to form consortia to participate in the AssetsCo tender.

3.    The AssetsCo is responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets (e.g. track-work, power, signalling and telecommunications). The AssetsCo will also develop and implement a Network Code, to coordinate the system’s network capacity for operations and maintenance needs.

4.    The AssetsCo tender will prioritise safety and security, availability and reliability, proven technology, operations flexibility, customer centric design, value for money, and collaborative project implementation as procurement objectives.

5.    Following the briefing, further meetings have also been scheduled with the participants to facilitate discussions and obtain feedback on the briefing topics. The feedback received will inform the ongoing design of the procurement plan and tender specifications.

6.    On the Industry Briefing, LTA Chief Executive Mr Ngien Hoon Ping said: “We are pleased with the strong interest from companies all over the world for the Industry Briefing. We would like to take this opportunity to reaffirm both Governments’ strong commitment to make this project a success. Following the Industry Briefing, we will be calling the AssetsCo tender by the end of this year, and we look forward to receiving quality bids from various consortia.”

7.    MyHSR Chief Executive Officer Mr Mohd Nur Ismal Mohamed Kamal said: “The Kuala Lumpur – Singapore HSR is a large transport infrastructure project for both countries. As such, it is essential that we explore all opportunities for innovation to ensure that the project is implemented in the most efficient manner. The project will be implemented in phases and this current phase focuses on the AssetsCo tender. Other tenders such as the civil and Operating Company (‘OpCo’) tenders will be developed according to the project timeline and announcements will be made in due course.”  

https://www.lta.gov.sg/apps/news/page.aspx?c=2&id=de140a45-f875-450d-b4c1-99828e157fc9

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