Joint News Release by the Land Transport Authority (LTA) & MyHSR - MyHSR Corp and LTA to Conduct Second Industry Briefing for Kuala Lumpur – Singapore High Speed Rail AssetsCo Tender

News Releases
23 Aug 2017

1.  MyHSR Corporation Sdn Bhd ('MyHSR Corp') of Malaysia and the Land Transport Authority of Singapore (‘LTA’) will jointly conduct a second Industry Briefing on 26 September 2017 to continue the market engagement process for the Kuala Lumpur – Singapore High Speed Rail (‘HSR’) project.

2.  The second Industry Briefing will share additional information and updates from both MyHSR Corp and LTA in relation to the Assets Company (‘AssetsCo’) tender and in response to the key queries raised by the market following the first Industry Briefing event held on 5th July of this year.

3.  Similar to the previous Industry Briefing held in Singapore, the second Industry Briefing will be open to qualified entities who are interested in participating in the project’s AssetsCo tender, to be called by end of this year. 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). It will also coordinate the system’s network capacity for operations and maintenance needs.

4.  MyHSR Corp Chief Executive Officer Dato’ Mohd Nur Ismal Mohamed Kamal said: “The first Industry Briefing in Singapore was a successful event with over 400 participants from 165 international and local entities. We had robust discussions with the industry and will invite interested parties to attend this second Industry Briefing. We believe these sessions will equip the market with information to form partnerships and prepare for the upcoming AssetsCo tender.”

5.  LTA Chief Executive Mr Ngien Hoon Ping said: “Since the first Industry Briefing in July, both LTA and MyHSR Corp have been working closely to further develop the tender parameters and technical specifications. We are excited to share new information with the market, so that interested parties can be better prepared. We look forward to continuing the dialogue with the industry in September and receiving quality bids in the AssetsCo tender. ”

6.  Interested parties can visit MyHSR Corp website (www.myhsr.com.my) or the LTA website (https://www.lta.gov.sg/content/ltaweb/en/featured-projects/hsr.html) for more information on registration details for this Industry Briefing.

 



About the Kuala Lumpur-Singapore HSR

The Kuala Lumpur-Singapore HSR is a strategic project between the Governments of Malaysia and Singapore that aims to facilitate seamless travel between Kuala Lumpur and Singapore, enhance business linkages and bring the peoples of both countries closer together. The Governments of both countries signed a Bilateral Agreement on 13 December 2016, which captured the key points of agreement on the project, including the technical parameters, commercial model, customs, immigration and quarantine clearance, safety and security matters, regulatory structure and project management approach.

The Kuala Lumpur-Singapore HSR will open with eight stations: Bandar Malaysia, Bangi-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri stations in Malaysia and the Jurong East station in Singapore, with operations of the Express Service between Kuala Lumpur and Singapore targeted for commencement by 31 December 2026.

About MyHSR Corporation Sdn Bhd

MyHSR Corp is a company incorporated in 2015, wholly owned by the Minister of Finance Incorporated. As the Government of Malaysia’s project delivery vehicle for the Kuala Lumpur-Singapore HSR project, MyHSR Corp is responsible for the development and implementation of the project.

About LTA

The Land Transport Authority (LTA) is a statutory board under the Ministry of Transport of Singapore. The HSR Group within LTA is responsible for the engineering design development and implementation of the project, working closely with relevant agencies in both Singapore and Malaysia.