July briefing for firms keen to bid for Singapore-KL HSR’s assets company

SINGAPORE — An industry briefing will be held in Singapore next month for firms keen to bid for the contract to become the assets company (AssetsCo) for the Kuala Lumpur-Singapore High Speed Rail (HSR) project.

Regional and global entities are expected to attend the briefing, which will be conducted by MyHSR Corporation and the Land Transport Authority (LTA). The tender for the HSR project’s AssetsCo will be called by the end of the year.

The AssetsCo will be in charge of designing, building, financing and maintaining all rolling stock and all rail assets, such as the tracks, power, signalling and telecommunications systems. The company will also be coordinating the system’s network capacity for operations and maintenance needs. 

At the briefing, both the LTA and MyHSR will be sharing the key features of the project, and provide more details on the tender’s technical specifications.

Under the terms of the memorandum of understanding the two countries signed, a privately-financed AssetsCo will be appointed to provide and maintain the HSR trains and its associated systems, while a Bilateral Committee will oversee matters that may affect the cross-border services. 

All depots and maintenance facilities will be located in Malaysia.

Targeted for a roll-out date of 2026, the 350km double-track line will cut land travel time between the two cities to 90 minutes. 

There will be six transit stations between the two terminus stations at Bandar Malaysia in Kuala Lumpur and Jurong East in Singapore.