MyHSR Corp to complete KL-SG HSR project review by year-end

KUALA LUMPUR (June 28): After completing two open tender exercises, MyHSR Corp Sdn Bhd will now proceed with the project review exercise for the Kuala Lumpur-Singapore High Speed Rail, expecting to complete it by year-end.

In a statement today, the government agency said it has just completed two separate open tender exercises to appoint its Technical Advisory Consultant (TAC) and Commercial Advisory Consultant (CAC) for the rail project.

Both the TAC and CAC tender exercises were open to all qualified companies with relevant expertise and experience.

"Between April and June 2019, MyHSR Corp had received numerous interests and proposals from companies comprising both international and local firms. Upon careful evaluation and completion of the tender process, MyHSR Corp had appointed Minconsult Sdn Bhd and Ernst & Young (EY) as the TAC and CAC respectively," it said.

MyHSR Corp and its TAC and CAC will now proceed to review the proposed changes to the KL-Singapore HSR project and further identify cost reduction options for the Malaysian government.

The TAC focuses on the engineering aspects of the project by reviewing and validating the proposed infrastructure design changes within Malaysia such as the alignment, stations, and train maintenance facilities.

Meanwhile, the CAC focuses on commercial aspects such as developing new business models, identifying funding and financing options, and updating the ridership forecast and the economic benefits the project will bring to Malaysia.

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