Following an open tender, MyHSR has selected Minconsult, Malaysia, as Technical Advisory Consultant (TAC), while Ernst & Young (EY) will act as Commercial Advisory Consultant (CAC).
MyHSR will now work with the TAC and CAC to review the proposed changes and further identify cost reduction options on behalf of the Malaysian government.
The TAC will focus on engineering aspects of the project, reviewing and validating proposed design changes to the alignment, stations and train maintenance facilities on the Malaysian section of the route.
The CAC will focus on commercial aspects such as developing new business models, identifying funding and financing options, and updating ridership and economic forecasts for the project.
“The appointment of TAC and CAC is a major step in the effort to develop an affordable Kuala Lumpur - Singapore high-speed line,” says MyHSR CEO Mr Mohd Nur Ismal Bin Mohamed Kamal. “The solution will be a holistic one, it will respect the needs of the government of Singapore, cognisant of the market expectation of the project sustainability and bankability, and without compromising on service reliability, journey time and safety.”