MyHSR, a fully owned company by the Minister of Finance of Malaysia, is preparing to launch the Kuala Lumpur to Singapore high-speed railway line's rolling stock tender.
MyHSR will be responsible for the development and implementation of the rail project.
The company has conducted an industry briefing in collaboration with the Land Transport Authority of Singapore (LTA), which was attended by nearly 400 participants belonging to 165 international and local entities.
The briefing was held to inform participants about the progress of the Kuala Lumpur – Singapore HSR project to date.
Participants were also notified about the indicative tender parameters, procurement processes and the harmonisation of regulatory requirements for the upcoming Assets Company (AssetsCo) tender.
The AssetsCo tender winner will have the responsibility of designing, building, financing, operating and maintaining all rail assets related to the development.
MyHSR chief executive officer 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.”
The Kuala Lumpur-Singapore HSR is expected to facilitate seamless travel between Kuala Lumpur and Singapore, thereby boosting business linkages and tourism.
Government representatives from both countries previously signed a bilateral agreement in December that outlined the key aspects of agreement for the project.
It included technical parameters, commercial model, customs, immigration and security matters, regulatory structure and project management approach.
The Kuala Lumpur-Singapore High Speed Rail is scheduled to comprise eight stations, including Bandar Malaysia, Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri stations in Malaysia and the Jurong East station in Singapore.
The network is expected to begin service by the end of 2026.