Tender for Singapore-Malaysia rail project extended to December

Bidders have requested an extension to develop their submissions.

MyHSR Corporation Sdn Bhd (MyHSR Corp) and SG HSR Pte Ltd (SG HSR) moved the deadline of the bids for the Kuala Lumpur-Singapore High Speed Rail (KL-Singapore HSR) Assets Company (AssetsCo) tender to 28 December 2018. According to a joint statement, this extension of time will not affect the 31 December 2026 date for the commencement of the HSR Express Service from Kuala Lumpur to Singapore.

The AssetsCo tender was jointly called by MyHSR Corp and SG HSR on 20 December 2017. The AssetsCo will be responsible for designing, building, financing and maintaining all rolling stock, as well as designing, building, financing, operating and maintaining all rail assets such as track work, power, signalling and telecommunications for the KL-Singapore HSR project. The AssetsCo will also manage the system network for operations and maintenance needs.

MyHSR Corp CEO Dato’ Mohd Nur Ismal Mohamed Kamal and SG HSR Managing Director Rama Venkta said, “We are encouraged by the strong interest in the AssetsCo tender. Whilst the bidders are progressing with their tender preparations, they have also requested for additional time to develop their tender submissions that offer better value to both Governments. After careful consideration, we have extended the tender submission deadline by six months, in view of the complexity and scale of the project. We look forward to receiving high quality and competitive proposals from all the bidders.”

Following the close of the tender, MyHSR Corp and SG HSR expect to complete their evaluation and announce the tender results by the third quarter of 2019.