A briefing day for the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) PPP project has pulled over 700 representatives from the industry, the public body in charge of delivering the project has said.
MyHSR, a Malaysian governmental public body, said that both domestic and international firms, as well foreign missions, attended the session that was aimed at providing an overview on what could be one of the world’s major PPP projects.
Under the plans, a new high speed rail line from Kuala Lumpur to Singapore would be delivered through a design, build, finance, operate and transfer model.
Earlier this month, the government released a request for information on the project, which is open to responses until mid-November.
The private sector partner will be responsible for raising the necessary funds and developing a "financially sustainable model that minimises reliance on government funding", MyHSR said in a statement.
“We are optimistic that the KL-SG HSR project is more than just a transportation solution," said myHSR chair Dato’ Sri Haji Fauzi Bin Abdul Rahman. "It will form the major backbone between the Klang Valley and the southern corridor of Peninsular Malaysia, spurring developments of key economic centres, intermediates cities, high-value industrial parks, and many more."