HSR AssetsCo tender deadline extended to Dec 28

PETALING JAYA: MyHSR Corp Sdn Bhd and SG HSR Pte Ltd have extended the call for bids deadline for the Kuala Lumpur-Singapore High Speed Rail (KL-Singapore HSR) Assets Co (AssetsCo) tender to Dec 28, 2018.
The companies said in a joint statement today that the deadline has been extended from the initial date of Dec 20,2017 to accommodate requests by bidders for more time and the tender result is expected to be announced by the third quarter of 2019.
The extension will not affect the commencement of the service linking the two countries which is scheduled for Dec 31, 2026.
“We are encouraged by the strong interest in the AssetsCo tender. While 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,” MyHSR Corp CEO Datuk Mohd Nur Ismal Mohamed Kamal and SG HSR managing director Rama Venkta said in the joint statement.
The appointed 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. It will also be managing the system network for operations and maintenance needs.