KL CHRONICLE: Congrats SPAD! KL-Singapore high-speed rail project draws interest from 150 firms worldwide

Monday, October 19, 2015

Congrats SPAD! KL-Singapore high-speed rail project draws interest from 150 firms worldwide

Mohd Azharuddin Mat Sah as chief executive officer (CEO) of SPAD 
Firstly, congratulations to Malaysia's   Land Public Transport Commission (SPAD) and not to forget Singapore's Land Transport Authority (LTA) for the successful request-for-information (RFI) exercise regarding the proposed high-speed rail link between Singapore and Kuala Lumpur. In fact, the exercise was an overwhelming success with some some 150 companies responded.

To those that is unaware of what a equest-for-information (RFI) exercise is, it is basically a strategic initiative to collect and gather information of the business entities which are desirous to work with SPAD and LTA for the High-Speed rail project. In simpler terms it is trying to gauge whether this project ( High-Speed rail project ) is of interest to the industry and major players. 

By receiving response by nearly  150 companies which includes  Japanese, Chinese, Korean, American and European consortia it shows that the KL - Singapore project will be one of the highlights in the railway industry for years to come. In addition, the success of the RFI exercise shows that international companies still trust the local economy and the government of Barisan Nasional. 

If there were doubts on the leadership of the country, not many companies would have taken the risk to join this project since this type of projects involves huge sums of capital and is a big risk to corporations. Personally, from the #KLChronicle team, we hope that this project materialize as it will create significant benefit for the public. Finally, please find the joint statement from SPAD and LTA as below:

SPAD chief executive Mohd Azharuddin Mat Sah and LTA chief executive Chew Men Leong said; "We are pleased by the market's positive response to the RFI exercise. We look forward to receiving their feedback next month.

"This feedback will be critical in helping us with the commercial model of the project, and will help ensure that this project starts off on the right note."

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