Every KL–Singapore HSR bid 'will be assessed on its own merits' — MyHSR/LTA

KUALA LUMPUR (Sept 28): Malaysia and Singapore said every bid under the planned Kuala Lumpur-Singapore High Speed Rail (HSR) assets company (AssetsCo) tender will be assessed on its own merits and there will not be any requirement for local partners.

Malaysia's MyHSR Corp Sdn Bhd and Singapore's Land Transport Authority (LTA) said this today in a joint statement issued in conjunction with the Kuala Lumpur–Singapore HSR's second industry briefing on Tuesday (Sept 26).

Today, MyHSR and LTA said: "The second industry briefing continues to receive strong support from industry players globally. This briefing was attended by over 200 participants from more than 110 international organisations which were envisioned to be directly participating in the AssetsCo tender, such as consortia, suppliers, financial institutions and investors." 

"MyHSR Corp and LTA emphasised that the tender will be carried out in an open and fair manner. Every bid will be assessed on its own merits and there will not be any requirement for local partners," MyHSR and LTA said.

MyHSR chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal said in the statement that since MyHSR and LTA's first interaction with the industry in July this year, MyHSR and LTA had developed additional content and firmed up requirements leading to an effective AssetsCo tender. 

"Additionally, we have successfully completed the submission of the Section 4 Land Acquisition Act and the Environmental and Social Impact Assessment studies. This reaffirms our commitment to ensure that the project runs progressively,” Mohd Nur Ismal said.

LTA chief executive Ngien Hoon Ping said second industry briefing's market response "gives us confidence that we will receive high-quality and competitive bids for the AssetsCo tender, which we will call by the end of the year. Both Governments are committed to making this project a success.” — theedgemarkets.com

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