The project attracted expressions of interest from 98 companies and consortia from around the world, including construction businesses, rolling stock providers, consultants and financial institutions.
Singapore’s Land Transport Authority (LTA) and Malaysia’s Suruhanjaya Pengangkutan Awam Darat (SPAD) said that the companies and consortia interested in the project include entities based in Asia-Pacific, Europe, Middle East and North America as well as Malaysia and Singapore.
A chart has been produced showing the breakdown of the bidders:
A joint statement by SPAD CEO En Mohd Azharuddin Mat Sah and LTA CEO Chew Men Leong said: “We are grateful for the strong feedback that the market has provided us on our project. We will study the responses thoroughly and consider how the project’s commercial model and procurement approach can be further improved. We are heartened by the support we have received, and look forward to our continued partnership with the private sector to deliver this exciting and iconic project.”
The governments of Malaysia and Singapore expect to finalise the commercial model and procurement approach of the project by next year.