Six companies band together for high speed rail projects
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
SIX Singapore companies are teaming up to participate in high speed rail projects starting with the Kuala Lumpur-Singapore High Speed Rail (KL-SG-HSR).
The six companies brought together by International Enterprise (IE) Singapore are Clifford Capital Pte Ltd, DBS Bank, Sembcorp Design & Construction, SMRT International Pte Ltd, Surbana Jurong Pte Ltd and Singapore Technologies Electronics Ltd (ST Electronics).
These six companies intend to partner international players to jointly participate in the KL-SG HSR. The Business Times understands their collaboration will potentially extend towards an upcoming AssetsCo tender for the KL-SG-HSR.
Singapore's Land Transport Authority (LTA) and Malaysia's MyHSR Corporation (MyHSR) will conduct an industry briefing on Jul 5 to outline parameters of the AssetsCo tender.
The AssetsCo will be responsible for the design, build, finance and maintenance of rolling stock and the design, build, finance, operations and maintenance of all rail assets including network operations.
The AssetCo tender is expected to be called by the end of 2017.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
The KL-SG HSR is a 350-kilometre rail line project that is targeted to be operational by the end of 2026.
The project is aimed at facilitating seamless travel between Kuala Lumpur and Singapore, enhancing business linkages and bringing the peoples of both countries closer.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
