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Six companies band together for high speed rail projects
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.
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.