The companies will now work to prepare a joint offer encompassing engineering, procurement and construction (EPC) and operations & maintenance (O&M) for the tender.

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 operation and maintenance of the 350km line, which is due to open in 2026.

Malaysia’s MyHSR and Singapore’s SG HSR expect to select a preferred bidder for the contract by the end of the year.