The Transport Ministers of Singapore and Malaysia have signed a bilateral agreement to develop a cross-border urban rail link between Singapore and Johor Bahru, Malaysia. The project will be developed in a similar manner to the US$9.6 billion Kuala Lumpur-Singapore high speed rail project, for which the governments launched a tender in December.
Infrastructure/PPP news in Singapore
It has been announced that a consortium led by China Railway Corp will bid for the Kuala Lumpur-Singapore high-speed rail project. The consortium is comprised of eight companies, including CRRC, China Railway Construction Corporation, China Communications Construction, China Railway Signal and Communication and Export-Import Bank of China.
MyHSR Corporation Sdn Bhd (MyHSR Corp) of Malaysia and SG HSR PTE LTD (SG HSR) of Singapore have launched a joint tender for the Kuala Lumpur-Singapore High Speed Rail (HSR) project. The estimated total value of the project is MYR43 billion (US$9.6 billion).
The plant will be built on Jurong Island under a Design-Build-Own-Operate (DBOO) model. It will add another 137,000 cubic metres, or approximately 30 million imperial gallons of desalinated water (mgd) a day to Singapore’s water supply, enhancing water supply resilience.
Keppel Infrastructure Holdings has announces it has been named the preferred bidder by PUB, Singapore's national water agency, to Design, Build, Own and Operate Singapore's fourth desalination plant for a concession period of 25 years.
The Swiss Investment Fund for Emerging Markets (SIFEM), the development finance institution of the Swiss Confederation, has announced it has invested US$10 million in the Renewable Energy Asia Fund II (REAF II).
MyHSR Corporation Sdn Bhd (MyHSR) of Malaysia and Land Transport Authority (LTA) of Singapore will be calling for a joint tender on 22 August 2016 to appoint a Joint Development Partner (JDP) to assist in the development of the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
Singtel has announced it has entered into conditional share purchase agreements with Temasek to acquire shares in Intouch Holdings Public Company Limited and Bharti Telecom Limited (Bharti Telecom).
Singapore-based Surbana Jurong Private Limited, one of Asia’s leading consultancies in urban developments, has announced the acquisition of an Australian company to establish a global consultancy group with combined expertise in urban and infrastructure sectors.
MyHSR Corporation Sdn Bhd has selected CH2M as its technical advisor for the iconic cross-border project between Malasya and Singapore, Kuala Lumpur–Singapore High-Speed Rail (HSR) project.
The global law firm Jones Day has announced the addition of five partners in Asia with extensive experience related to large infrastructure projects, banking and finance, and energy transactions. James Harris, Julien Reidy, Bruce Schulberg, and Alex Cull will join in Singapore, and Kanyi Lui will join in Beijing (China).
Nomura has announced plans to establish a new Asia Infrastructure Project Office to expand and develop its Asia platform.
PUB, Singapore's national water agency, has recently published a Request for Proposal (RFP) process seeking for developers for a desalination plant PPP project to be built in Marina East, an urban planning area in Singapore.
Hyflux and Mitsubishi Heavy Industries (MHI), through its project company, TuasOne Pte Ltd (TuasOne), have achieved financial close for the project financing of TuasOne Waste-to-Energy (WTE) plant in Singapore.
Berkeley Energy successfully reached a first close of its Renewable Energy Asia Fund II with US$112m of committed capital for its 10 year closed end fund.
According to sources in Singapore,
InfraCo Asia Development Pte. Ltd. (IAD) announced the welcome to Mr John Walker AO as its newly appointed Chair, as of 15 January 2016, and Ms Amy Lee as a Non-Executive Director (NED) as of 1 January 2016.
According to sources, a fund owned by Macquarie is likely to acquire to acquire more than 40 per cent of Universal Terminal Pte from its existing shareholders.
The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government's Development Finance Institution, has recently approved new financing to support investment funds working in emerging markets with strong opportunity for development impact.
MegaProject 586: 98 companies register interest for Singapore - Kuala Lumpur high speed rail project
The companies and consortia that have shown interest in the project include entities based in Malaysia, Singapore, Asia-Pacific, Europe, Middle East and North America. To be more specific, a total of 56 teams come from Europe, 14 from East Asia, 13 from Malaysia, 7 from North America, 4 from Singapore, 3 from Oceania, and 1 from Middle East.