The briefing was staged by Malaysia\u2019s MyHSR and Singapore\u2019s Land Transport Authority (LTA) which have been appointed by the two governments as infrastructure companies (InfraCos) to design, build, finance and maintain the civil infrastructure and operate the eight stations within their respective territories.\r\nThe new double-track railway will be designed to accommodate all types of conventional high-speed trains and technology available in the market with a design speed of 350km\/h.\r\nThe privately-financed AssetsCo will be responsible for designing, building, financing and maintaining rolling stock, as well as designing, building, financing, operating and maintaining all rail assets including track, power supply, signalling and telecommunications. The AssetsCo will also develop and implement a network code, to coordinate the system\u2019s network capacity for operations and maintenance needs.\r\nThe AssetsCo tender will prioritise safety and security, availability and reliability, proven technology, operations flexibility, customer-centric design, value for money, and collaborative project implementation as procurement objectives. The AssetsCo will also coordinate network capacity for operational and maintenance needs.\r\nThe InfraCos will pay the AssetsCo an availability payment covering capital expenditure, and operating, maintenance and renewal costs, excluding rolling stock and depot equipment and stabling facilities. In return, the AssetsCo will make the assets available to the operating companies (OpCos) to run express, domestic and shuttle services.\r\nThe OpCos will pay the AssetsCo train leasing fees covering the AssetsCo\u2019s train-related costs, as well as the operations, maintenance and renewal costs of the depot equipment and train stabling facilities.\r\nMyHSR and LTA say the AssetsCo will be jointly procured by both InfraCos, in an \u201copen, fair and transparent manner,\u201d and the tender is expected to be called by the fourth quarter of this year. The 350km line is due to open in 2026.\r\n\u201cWe are pleased with the strong interest from companies all over the world for the industry briefing,\u201d says LTA\u2019s CEO Mr Ngien Hoon Ping. \u201cWe would like to take this opportunity to reaffirm both governments\u2019 strong commitment to make this project a success. Following the industry briefing, we will be calling the AssetsCo tender by the end of this year.\u201d\r\n\u201cThe project will be implemented in phases and this current phase focuses on the AssetsCo tender,\u201d says MyHSR CEO Mr Mohd Nur Ismal Mohamed Kamal. \u201cOther tenders such as the civil and OpCo tenders will be developed according to the project timeline and announcements will be made in due course.\u201d\r\nFor detailed information on high-speed rail projects from around world, subscribe to IRJ Pro.