MOU signed for high speed rail PPP by Singapore and Malaysia

Singapore’s Land Transport Authority (LTA) and Malaysia’s Land Public Transport Commission (SPAD)have signed the Memorandum of Understanding (MOU) for the Kuala Lumpur-Singapore High Speed Rail (HSR) PPP project. Both Governments decided that each will take concern for developing, constructing and upholding the civil infrastructure and stations within their own countries. These works will be carried out by MyHSR Corporation and LTA (as InfraCos) in Malaysia and Singapore respectively. An assets company (AssetsCo) will be employed to provide and maintain the HSR trains and its associated systems (e.g. track, power, signaling and telecommunications) through international tenders. At the same time two train operating companies (OpCos) will be appointed to operate the HSR services. An OpCo International will control the cross-border services (i.e. the Express Service and the Shuttle Service), while an OpCo Domestic will operate the Domestic Service within Malaysia. Both Governments approved that the HSR will have eight stations – the termini in Bandar Malaysia and Singapore, and six intermediate stations in Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat and Iskandar Puteri. The trains will run at a top speed of more than 300km/h. The total project investment is assessed at MYR43 billion (US$10.6 billion). The railway will be about 375 km with all the stations planned to integrate with the local public transport systems to confirm continuous connectivity. It also has been agreed by both the Governments that a Bilateral Committee comprising representatives from both Governments will be formed to manage and control features of the project which might impact the cross-border services. Moreover, a Joint Project Team including representatives from MyHSR Corporation and LTA will be made to synchronize joint features of planning and development works earlier to the start of operations. As a next step, the Joint Project Team will call for an international tender next month to assign a Joint Development Partner to deliver technical support to both countries on the project. Both Governments decided to work towards initiation of HSR operations by around 2026.     Source: infrapppworld.com