400 participants attend HSR briefing

SINGAPORE: MyHSR Corporation Sdn Bhd and Land Transport Authority of Singapore (LTA) jointly conducted an industry briefing on updates for the high speed rail project yesterday, attended by close to 400 participants from across the entire value chain.
It included suppliers and integrators of rolling stock and system, network operators, engineering and legal consultants, financiers and investors, operators and construction companies.
The briefing included information on indicative tender parameters, procurement processes and the harmonisation of regulatory requirements for the upcoming Assets Company tender and as a platform to encourage interested companies to form consortia to participate in the AssetsCo tender.
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).
The AssetsCo will also develop and implement a Network Code, to coordinate the system’s network capacity for operations and maintenance needs.
The tender will prioritise safety and security, availability and reliability, proven technology, operations flexibility, customer centric design, value for money, and collaborative project implementation as procurement objectives.
Following the briefing, further meetings have also been scheduled with the participants to facilitate discussions and obtain feedback on the briefing topics. The feedback received will inform the ongoing design of the procurement plan and tender specifications.
The AssetsCo tender will be called by the end of the year.