KUALA LUMPUR: More than 60 civil work packages will be dished out under the Kuala Lumpur – Singapore High Speed Rail (HSR) project, according to MyHSR Corp CEO Datuk Mohd Nur Ismal Mohamed Kamal.
This will result in over 5,000 sub-contract packages being opened to local firms.
Mohd Nur Ismal said at a media briefing today that more than 40% of the package value will be allocated for Bumiputera companies.
In total, the HSR project is expected to create more than 70,000 jobs, of which 22,000 are professionals and skilled workers.
However, he remained tight-lipped on the estimated cost for the HSR project.
“The cost estimate has never been disclosed by our side because this is an open tender project, so we do not want any cost estimate to influence the pricing of the bids,” he explained.
Second Finance Minister Datuk Seri Johari Abdul Ghani had in 2016 projected that the HSR project will cost RM50 billion to RM60 billion.
Late last year, a Singapore-based think tank estimated the project to be worth up to RM77 billion.