{"id":75365,"date":"2017-12-28T11:19:43","date_gmt":"2017-12-28T04:19:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-state-owned-firms-team-up-for-singapore-kl-hsr\/"},"modified":"2017-12-28T12:02:58","modified_gmt":"2017-12-28T05:02:58","slug":"chinese-state-owned-firms-team-up-for-singapore-kl-hsr","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-state-owned-firms-team-up-for-singapore-kl-hsr\/","title":{"rendered":"Chinese state-owned firms team up for Singapore-KL HSR"},"content":{"rendered":"


\nBeijing-based China Railway Rolling Stock has confirmed that China Railway Corp is leading a consortium that will take part in the assets company (AssetsCo) tender for the Singapore-Kuala Lumpur High-Speed Rail (HSR).
\nAside from the two aforementioned firms, the eight-company consortium includes CRRC, Export-Import Bank of China, and China Railway Construction Corp, as well as China Railway Signal and Communication.
\n\u201cJudging (by) these companies\u2019 size and resources, they will form the largest group to build a high-speed rail network outside China if they win the bid next year,\u201d said Feng Hao, a researcher at the National Development and Reform Commission\u2019s Institute of Comprehensive Transportation.
\nOn 20 December, Singapore\u2019s Land Transport Authority\u2019s wholly-owned unit SG HSR and Malaysia\u2019s MyHSR Corporation jointly launched the tender for the HSR\u2019s AssetsCo. This firm will be will be responsible for funding, constructing and maintaining all rolling stock in the HSR network. It will also design and run all of its rail assets like, power, signalling, trackwork, and telecommunications for the double-track line with a speed of 350kmh.
\nIn line with this, both government agencies will jointly hold a tender briefing in Kuala Lumpur on 23 January, and interested bidders have until 29 June 2018 to submit their proposals.
\nThe bids will be assessed based on their price, value-for-money, commercial strength, financial sustainability and technical solutions. The last should prioritise reliability, customer focus, safety and security, as well as operational flexibility.
\nWhen the HSR starts operating by 31 December 2026, it is expected to reduce the travel time between Kuala Lumpur and Jurong East in Singapore from four hours by car to only 1.5 hours by train.
\nAccording to Beijing Jiaotong University rail transportation professor Du Chunbu, the partnership among major Chinese state-owned companies show they have stopped their stiff rivalry among themselves.
\n\u201cInstead, they have started to form a consortium to better compete with rivals from Japan, South Korea, Germany and Canada by bringing their specialties into play.\u201d
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Chinese state-owned firms team up for Singapore-KL HSR<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Beijing-based China Railway Rolling Stock has confirmed that China Railway Corp is leading a consortium...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-75365","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-jBz","jetpack-related-posts":[{"id":40920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-bid-for-the-singapore-malaysia-hsr-line-looks-promising\/","url_meta":{"origin":75365,"position":0},"title":"This bid for the Singapore-Malaysia HSR line looks promising","date":"January 17, 2017","format":false,"excerpt":"\r In virtual reality at least Sentosa Express, a monorail line in Singapore. Lucy Liu\/Shutterstock No firm has won the tender for the high-speed rail (HSR) project between Kuala Lumpur and Singapore yet. However, a Chinese consortium has greatly boosted its chances by treating Malaysians to a virtual sampling of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consortium-awarded-joint-development-partner-contract-for-hsr-project\/","url_meta":{"origin":75365,"position":1},"title":"Consortium awarded joint development partner contract for HSR project","date":"February 17, 2017","format":false,"excerpt":"\r The 350km High Speed Rail project is expected to reduce travel time between KL and Singapore to just 90 minutes. The joint development partner (JDP) contract for the Kuala Lumpur-Singapore High Speed Rail (HSR) project has been awarded to a consortium comprising WSP Engineering Malaysia, Mott MacDonald Malaysia and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysias-myhsr-launches-two-consultant-tenders-for-kl-singapore-hsr-project\/","url_meta":{"origin":75365,"position":2},"title":"Malaysia's MyHSR launches two consultant tenders for KL-Singapore HSR project","date":"August 27, 2020","format":false,"excerpt":"\r The tenders are for a land consultant and an environmental, heritage and social impact assessment consultant for the rail project. Malaysia\u2019s MyHSR Corporation has launched two tenders to secure the services of consultants that will assist with regulatory submissions relevant to the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34690,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsr-tender-may-be-called-in-q4-2017\/","url_meta":{"origin":75365,"position":3},"title":"HSR tender may be called in Q4 2017","date":"November 17, 2016","format":false,"excerpt":"\r The HSR tender may be\u00a0called next year, with Japan having made a strong pitch for it to use its bullet train technology Malaysian Prime Minister Najib Razak said yesterday that the international tender to supply high-speed rail (HSR) trains may be called by the fourth quarter of next year,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mahathir-bandar-malaysia-project-to-have-an-hsr-station\/","url_meta":{"origin":75365,"position":4},"title":"Mahathir: Bandar Malaysia project to have an HSR station","date":"December 18, 2019","format":false,"excerpt":"\r Malaysia might also consider scaling down to trim costs, which will see train speeds reduced. Malaysian Prime Minister Mahathir Mohamad has said the revived Bandar Malaysia project will house a Kuala Lumpur-Singapore High-Speed Rail (HSR) project, although Malaysia and Singapore have yet to finalise details of the project. \u201cWe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-wants-hsr-project-revived-singapore-open-to-idea\/","url_meta":{"origin":75365,"position":5},"title":"Malaysia wants HSR project revived, Singapore open to idea","date":"December 1, 2021","format":false,"excerpt":"\r The High-Speed Rail project between Singapore and Malaysia was terminated on 1 Jan 2021, however, the Malaysian prime minister has suggested reviving discussions for the project. Malaysia Prime Minister Ismail Sabri Yaakob has suggested reviving discussions on a High-Speed Rail (HSR) with Singapore, reported Channel News Asia (CNA) citing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Artists-impression-of-the-HSR-terminus-in-Jurong-East-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75365"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=75365"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/75365\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=75365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=75365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=75365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}