MegaProject 1072: Tender for US$9.6 billion Kuala Lumpur-Singapore HSR launched
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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).
MyHSR Corp and SG HSR are seeking an private partner to design, build, finance and maintain all rolling stock and rail assets (e.g. trackwork, power, signalling and telecommunications) for the Kuala Lumpur-Singapore high speed rail line. The successful bidder will also coordinate the system’s network capacity for operations and maintenance needs.
The 350km/h HSR is expected to cut travel time between the two cities to 90 minutes. Three services will utilize the dual-track line. There will be an express service between the two terminal stations - Jurong East in Singapore and the upcoming Bandar Malaysia development in Kuala Lumpur; a shorter shuttle service connecting Singapore and Iskandar Puteri in Johor; and a domestic service from Kuala Lumpur to Iskandar Puteri.
The call for tender follows extensive preparations by MyHSR Corp and SG HSR since the Kuala Lumpur-Singapore HSR Bilateral Agreement was signed by the governments of Malaysia and Singapore in December 2016. As reported on this platform, an initial Memorandum of Understanding was signed in July 2016.
The authorities have held two industry briefings for the project, which garnered enthusiastic responses from the market. A tender briefing will be held in Kuala Lumpur on 23 January 2018.
The deadline to submit proposals is 29 June 2018. MyHSR Corp and SG HSR are aiming to jointly select a qualified bidder by the end of next year. Full commercial operations are intended to begin by the end of 2026.
The authorities have stipulated that bidders must have proven experience in delivering new railway systems, including integrating systems, delivering communications systems, providing signalling and traffic control systems, providing rolling stock, delivering trackwork and delivering traction power. They must also be experienced in operating networks and managing rolling stock and HSR assets.
Dato’ Mohd Nur Ismal Mohamed Kamal, Chief Executive Officer of MyHSR Corp, stated,
“The Kuala Lumpur-Singapore HSR project is a complex and extensive transport infrastructure project for both countries, which will generate huge socio-economic benefits arising from the increased connectivity and travel efficiencies ... We welcome all interested parties to submit their best proposal for the AssetsCo tender.”
Mr. Rama Venkta, SG HSR Managing Director, stated,
“Today marks a major milestone for this game-changing project, which will dramatically improve connectivity between Singapore and Malaysia ... We look forward to receiving high-quality competitive bids in the coming months."