This contract will bring our total order book to over RM6.2bil, an all-time high for the group,
KUALA LUMPUR: George Kent (Malaysia) Bhd has teamed up with the Siemens Group to bid for the Kuala Lumpur-Singapore High Speed Rail (HSR) tender, the first group to do so for the multi-billion ringgit rail project.
George Kent said on Wednesday it had entered into a pre-consortium agreement with Siemens Aktiengesellschaft, Germany and Siemens Pte Ltd, Singapore.
George Kent and Siemens will form an engineering, procurement and construction (EPC) pre- consortium to prepare a joint offer on EPC level to the special purpose company (SPC).
They will bid for the development, financing, construction and technical operation and maintenance of the HSR.
“The agreement may lead to the participation of the company in the KL-Singapore HSR project which could contribute positively to the company’s earnings and net assets in the future,” it said.
George Kent chairman, Tan Sri Tan Kay Hock said the HSR project is one of the most prestigious and coveted project in the rail industry as it is the first cross-border high speed rail project in South East Asia.
“George Kent is pleased to be partnering with Siemens who have one of the most impressive track records in delivering successfully the safest and most reliable high speed rail systems in the world.
“We hope to be able to contribute our part as the local Malaysian company in delivering the HSR project,” he said.
On Sept 13, Bloomberg reported MyHSR Corp chief executive officer Mohd Nur Ismal Mohamed Kamal as saying the project is still “wide open” to all and both countries will choose the builder based on merits from tender expected to be opened in December.
MyHSR Corp chief executive officer Mohd Nur Ismal Mohamed Kamal said it’s not true when some countries had claimed the project is already in the bag.
On Sept 26, Malaysia and Singapore held a second industry briefing in London to share more information on the high-speed rail project.
About 40% of participants at the July briefing were from Europe, 20% from Malaysia, 10% from North America, 15% from Singapore, 10% from Asia and 5% from Australia.
MyHSR is a Malaysian government’s project delivery vehicle for the Kuala Lumpur-Singapore high-speed rail project.
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