Malaysia and Singapore have jointly appointed infrastructure companies (InfraCos) for the High Speed Rail (HSR) connecting Kuala Lumpur with the city-state.
Notably, these firms are responsible for designing, funding, constructing and maintaining the HSR’s civil infrastructure, including the train stations.
Malaysia’s MyHSR Corporation and Singapore’s Land Transport Authority (LTA) revealed that the InfraCos need to provide the assets company (AssetsCo) with an availability payment, which covers the railway’s capital expenditure and operation cost like maintenance and renewal of HSR assets, excluding equipment and rolling stock in the train depot and stabling facilities.
“This is in return for AssetsCo ensuring the availability of HSR assets for the operating companies (OpCos) to run the express, domestic and shuttle services,” said both entities.
OpCos will pay train lease fees and other charges covering the train-related expenses of AssetsCo, in addition to the cost for running, maintaining and renewing the equipment at the depot and stabling facilities.
In exchange, AssetsCo will ensure the availability of the trains for the company operating the cross-border express and shuttle services as well as for the firm running the domestic service.
These are the additional info provided by MyHSR and LTA on Tuesday (26 September) regarding the AssetsCo tender, which will be called by end-2017 and the submitted bids will be assessed based on the quality of the proposals.
The second industry briefing was attended by more than 200 people from 110 multinational companies interested in taking part in the tender for the Singapore-Kuala Lumpur High Speed Rail.
This mega project will feature a double-track line capable of accommodating all kinds of existing rail technology and high-speed trains with a maximum speed of 350 km per hour.
Image sourced from GCS.
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