The AssetsCo will be responsible for designing, building, financing and maintaining both the rolling stock and railway infrastructure including the track, electrification, signalling and telecommunications. The company will also coordinate the operational and maintenance needs for the new railway.
A briefing for prospective bidders will be held in Kuala Lumpur on January 23 and the closing date for bids is June 29 2018. All bids will be evaluated for their technical solution, commercial robustness, financial sustainability and price. The two organisations expect to select a qualified bidder by the end of next year.
“We are delighted with the progress thus far with the submission of the Section 4 Land Acquisition Act completed, on-going public inspection for alignment within Malaysia, the recently launched Project Delivery Partner and today’s joint tender launch of AssetsCo,” says MyHSR’s CEO Mr Mohd Nur Ismal Mohamed Kamal.