September 22, 2017

Singapore establishes high-speed rail infrastructure company

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SINGAPORE Land Transport Authority (LTA) announced on September 21 that it has established a wholly-owned subsidiary, SG HSR, to implement the Singapore - Kuala Lumpur high-speed rail project.

As Singapore’s high-speed infrastructure company, SG HSR will build, own, fund and maintain the Singaporean section of the high-speed line, including the terminus station at Jurong East, the tunnels, and a share of the connecting bridge over the Straits of Johor.

SG HSR will work with its Malaysian counterpart, MyHSR Corporation, to jointly select an Assets Company and an international operator via an international tender. SG HSR will also act as administrator for the concessions after the start of commercial operations in 2026.

The new company will have an initial share capital of $S 1m. LTA chairman Mr Alan Chan will chair SG HSR's board of directors.

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