hsr-bernama

MyHSR suspends talks with KL-Singapore high speed rail PDPs

KUALA LUMPUR: MyHSR Corp Sdn Bhd has suspended further negotiations with the project delivery partners (PDPs) for the KL-Singapore high speed rail (HSR) development following the Government’s decision to cancel the project.

Gamuda Bhd  and Malaysian Resources Corp  Bhd, in separate filings with Bursa Malaysia today, said they received the letter from MyHSR today informing that all further negotiations on the articles of agreements, conditions of contract and annexures will be suspended.

“Consequently, the signing of the articles of agreements and conditions of contract scheduled on June 1 will no longer take place,” Gamuda told the exchange today.

MyHSR, had on May 2, appointed the MRCB Gamuda consortium as the PDP for the northern section of the HSR project. On the same day, a joint venture between YTL Corp Bhd  and Lembaga Tabung Haji was appointed the PDP for the southern section of the line.

MyHSR is the company responsible for the development of the KL-Singapore high speed project.

Source: https://www.thestar.com.my/business/business-news/2018/05/31/myhsr-suspends-talks-with-high-speed-rail-pdps/#LmLCetFEpRkJ8LWl.99