Consortium bags $34.9 Million Contract for High-Speed Rail

World - Pavan Pandey - Feb 17,2017

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consortium bags 349 million dollars contract for high speed rail

Under this contract, the consortium, made up of Mott MacDonald, WSP Engineering and Ernst & Young Advisory services, will provide project Mgmt. support on HSR operations.

On Thursday, in a joint statement, Singapore’s Land Transport Authority (LTA) and Malaysia’s MyHSR Corp. stated that a three-firm consortium has won the Joint Development Partner (JDP) contract for the Singapore-Kuala Lumpur High-Speed Rail (HSR) project.

MyHSR Corporation is a developer and asset owner of HSR project from Malaysian side and fully owned by Malaysian Ministry of Finance.

The consortium, who beat seven other competitors, will also improve the High-Speed Rail’s technical and safety standards. The consortium will also available for assisting the joint project team, which is established by Singapore LTA and MyHSR Corp., to complete paperwork for the coming proposals relating to the joint parts of this HSR project.

The parts of consortium, two firms, headquartered in Britain, WSP Engineering Malaysia and Mott MacDonald Malaysia, had the experience of Taiwan’s 345-kilometer High-Speed Rail project. The Singapore-Kuala Lumpur HSR project will reduce the travel time between two countries to 90 minutes, a 350-kilometer HSR project is scheduled to be completed by the end of 2026.

The consortium will assist the Land Transport Authority, a statuary unit of Singapore’s Ministry of Transport, and also provide technical pieces of advice.

A month ago Aecom Singapore secured a $24.6 million contract to offer an advanced engineering study for the country’s expansion of the HSR project and this newest selection of the consortium will mark another huge contract in two months.

The chief executive of LTA, Ngien Hoon Ping, said that the consortium’s experience and expertise will help the joint venture of LTA and MyHSR Corp. to start a strong groundwork for joint tenders for the project.