Singapore-Kuala Lumpur High Speed Rail, one of the most strategic infrastructure projects in Southeast Asia, is being procured under an availability-based public-private partnership model with its deadline for bid submission extended to 28 December.
The respective procuring government agencies, MyHSR Corp and SG Corp, are jointly calling for bids in a tender for the project’s Assets Company (AssetsCo). They explained the decision to extend the deadline by six months was because bidders requested additional time to develop their submissions due to the complexity and scale of the project.
The winning bidder will design, build, finance and maintain all rolling stock and all rail assets. It will also operate the latter and will manage the system network for operations and maintenance needs.
Under the PPP model, the concession fee generated from the railway services will go to the two agencies, while the AssetsCo will receive availability payments and train lease fees.
A MyHSR spokeswoman told Infrastructure Investor that further details of the project, such as the length of AssetsCo contract and project cost, are currently unavailable. “We are seeking competitive bid pricing and best value from the market on our tenders,” she added.
MyHSR Corp and SG Corp will be responsible for building, owning, funding and maintaining the civil infrastructure, such as stations, tunnels and bridges, within their respective territories.
The 350km railway project is expected to commence services by December 2026, with an aim to cut travel time between Singapore and Kuala Lumpur to 90 minutes. Currently, travelling between the two cities by train can take as long as eight hours. Seven stations on the route are expected to be centres of regional economic clusters, to promote business links along the railway corridor.