Malaysia Singapore launch ‘market sensing exercise’
Malaysia and Singapore moved into new phase for HSR or high speed rail project today. Malaysia Transport authorities Land Public Transport Commission (SPAD) and Singapore’s Land Transport Authority (LTA) from both governments launched Request For Information (RFI) as part of market sensing to gather opinions and to study market interest on the project. The RFI is a new phase of the HSR project where market interest is gauge and the technical and commercial interest of the project is determined.
The output from RFI phase will be thoroughly studied and be used as inputs for bilateral communication between both countries and specifications for the tender phase. The market sensing exercise is expected to be completed within the end of the year.
In a joint statement, Malaysian Minister in the Prime Minister’s Department Abdul Wahid Omar and Singapore Coordinating Minister for Infrastructure and Minister for Transport Mr Khaw Boon Wan said: “This market sounding exercise marks a major milestone in our HSR journey. It is important for us to be properly informed of the industry views.
“We want to use this exercise to gauge market interest in the project and solicit views on different models and approaches. The feedback is crucial in helping us refine and validate our options, which will in turn help ensure a successful tender process subsequently”.
The HSR project was announced by Najib Razak on 2013. While the target completion date is 2020, both side of the country may need to review the date. Singapore rail will end at Jurong East while Malaysia rail will end at Bandar Malaysia.