Minconsult, a Malaysian company, and Ernst & Young were appointed as the Technical Advisory Consultant (TAC) and Commercial Advisory Consultant (CAC) on the Kuala Lumpur –Singapore High Speed Rail project.
MyHSR Corporation announced that by the end of this year will complete the reviews for the Kuala Lumpur –Singapore High Speed Rail project after it has appointed the consultants.
“The appointment of TAC and CAC is a major step in the effort to develop an affordableKL-SG HSR. The solution will be a holistic one, it will respect the needs of the Government of Singapore, cognisant of the market expectation of the project sustainability and bankability, and without compromising on service reliability, journey time and safety,” Mohd Nur Ismal Bin Mohamed Kamal, CEO of MyHSR Corp said.
In the last three months, MyHSR received numerous interests and proposals from companies comprising both international and local companies.
MyHSR Corp and the consultants will proceed to review the proposed changes to the KL-SG HSR project and further identify cost reduction options for the Government of Malaysia.
The TAC focuses on the engineering aspects of the project by reviewing and validating the proposed infrastructure design changes within Malaysia such as the alignment, stations, and train maintenance facilities.
The CAC focuses on commercial aspects such as developing new business models, identifying funding and financing options,updating the ridership forecast, and updating the economic benefits the project will bring to Malaysia.
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