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.
Interested parties should visit SPAD's website (www.spad.gov.my) or LTA's website (www.lta.gov.sg/hsr) for more information.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
China's largest auto show displays all-electric future, local brands dominate
Toyota hits record annual output, sales on robust demand
Nissan, Mazda roll out new models for China as they aim for comeback
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Swedish manufacturer is latest to offer electric pleasure craft in Singapore