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LTA, Malaysia's Land Public Transport Commission launch market sensing exercise for KL-S'pore High Speed Rail
MALAYSIA'S Land Public Transport Commission (SPAD) and Singapore's Land Transport Authority (LTA) have jointly launched a market sensing exercise with a request for information (RFI) on the Kuala Lumpur-Singapore High Speed Rail (HSR).
Since the HSR was first announced in February 2013, both governments have been working to further develop the project.
The RFI is a consultation exercise to determine market interest in the project and garner opinions from industry players on certain commercial and technical aspects.
The ongoing bilateral discussions and formal tender process will take into account the feedback received.
In a joint statement, Malaysian Minister in the Prime Minister's Department Abdul Wahid Omar and Singapore Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan said: "This market sounding exercise marks a major milestone in our HSR journey. It is important for us to be properly informed of the industry views. We want to use this exercise to gauge market interest in the project and solicit views on different models and approaches. The feedback is crucial in helping us refine and validate our options, which will in turn help ensure a successful tender process subsequently."
The RFI exercise is slated to finish by year-end.