KUALA LUMPUR, July 11 — MyHSR Corporation Sdn Bhd (MyHSR Corp) is embarking on a full-fledged Request For Information (RFI) exercise to enable the private sector to officially submit concept proposals to develop and operate the Kuala Lumpur-Singapore High-Speed Rail (KL-Singapore HSR) project via a public-private partnership model.
In a statement today, MyHSR Corp said, to further assist the government in making informed decisions, the RFI exercise will be opened to local and international firms and consortia to submit their concept proposals.
“The exercise will allow the government to assess the industry’s interest and ability to fully fund the project while evaluating their capabilities by looking into areas such as technical specifications, project costing, commercial and business models, as well as consortium and governance framework,” it said.
The RFI exercise marks the government’s initiative to reactivate the KL-Singapore HSR project via new funding mechanisms and implementation models in efforts to further improve the rail transport infrastructure and to invigorate the national economy.
MyHSR Corp had earlier engaged with selected private companies during the initial information-gathering stage to understand the level of interest, capabilities, and resource requirements needed to make this project sustainable.
MyHSR Corp chairman Datuk Seri Fauzi Abdul Rahman said the KL-Singapore HSR project would bring tremendous benefits to the people, particularly in enhancing and expanding economic dynamism from the Klang Valley to the Southern Corridor of the peninsula, and eventually to the rest of Malaysia.
“In addition to providing a new travel option that is safer, faster, more efficient and sustainable, the project will help us to contribute to the Malaysia Madani agenda, generating long-term growth and sustainability for the people and the nation,” he said.
Meanwhile, MyHSR Corp chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal said the company encouraged firms and consortia with the relevant experience to participate in this exercise and looked forward to receiving strong interest and high-quality proposals that would serve as an important reference for the government’s decision on the best way forward for the project.
“MyHSR Corp remains committed to supporting the government to identify the most effective solution to revive the KL-Singapore HSR project. Globally, developments of HSR have proven to be growth engines, bringing about catalytic development and growth as well as multiplier effects that benefit all walks of life,” he said.
Further information on the RFI exercise can be found at the MyHSR Corp website at https://www.myhsr.com.my/rfi from July 12, 2023. — Bernama
