George Kent (Malaysia) Bhd today announced that it had on 06 October 2017, entered into a Pre-Consortium Agreement with Siemens Aktiengesellschaft, Germany and Siemens Pte Ltd, Singapore for the Kuala Lumpur – Singapore High Speed Rail (KL-SG HSR) tender.
George Kent and Siemens will form an Engineering, Procurement and Construction PreConsortium to prepare a joint offer on EPC level to the Special Purpose Company which shall bid for the development, financing, construction and technical operation and maintenance of the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) (“AssetsCo Tender").
The Agreement may lead to the participation of the Company in the KL-SG HSR project which could contribute positively to the Company’s earnings and net assets in the future.
Commenting on the partnership, George Kent Chairman, Tan Sri Tan Kay Hock said: “The KL-SG 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.”