MyHSR Corp Sdn Bhd has announced that Seven local and international consortia submitted their concept proposals to build the Malaysia-Singapore high-speed rail (HSR).
In 2016, Malaysia and Singapore initially agreed with the HSR project, envisioning trains operating at speeds exceeding 300 km/h, facilitating travel between Kuala Lumpur and Singapore in just 90 minutes. With an estimated cost of MYR 110 billion (USD 23 billion), the concept proposals for the Kuala Lumpur-Singapore HSR were submitted following MyHSR Corp's request for information (RFI) exercise launched in July 2023. Originally planned to cover a distance of 350 km, the HSR aimed to significantly reduce the travel time between the two cities, serving as a pivotal element for the 486-acre Bandar Malaysia township project initiated by 1Malaysia Development Bhd. Initial concept designs included stations at Bandar Malaysia, Sepang-Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, and Iskandar Puteri in Malaysia, along with Jurong East in Singapore. Additionally, Johor was designated to host two major maintenance facilities: a primary depot north of Iskandar Puteri Station for overall HSR train maintenance and a heavy maintenance base near Muar station, focusing on track, power supply, and signaling systems.
Originally scheduled for completion in 2026, the HSR project aimed to offer three main services:
Alpha Asia Separate Account, the fund managed by Keppel, has acquired Wevolve, a Singapore-based office and retail space owner for USD 262 million. Keppel has secured a separate account mandate of SG...
Read moreSeraya Partners announced the completion of its first fund, “Seraya Partners Fund I” at US$800 million. The ultimate investment amount, incorporating co-investments, has exceeded the...
Read moreThe Singapore Land Transport Authority (LTA) has appointed Gamuda Bhd for the design and construction of the West Coast Station and Tunnels (Contract CR209) Project.
Read moreSime Darby Berhad announced that its wholly-owned subsidiary Sime Darby Holdings Berhad (SDHB) has entered into a sale and purchase agreement (SPA) with Columbia Asia Healthcare Sdn Bhd (Columbia Asia...
Read moreDigitalBridge Group, Inc. announced the close of its digital infrastructure credit fund, DigitalBridge Credit (DBC), LP, together with its parallel vehicles, which raised aggregate commitments of US$1...
Read more