SINGAPORE - A total of 98 submissions was received in response to the joint Request for Information (RFI) exercise on the Singapore-Kuala Lumpur High Speed Rail (HSR) project, according to the Land Transport Authority (LTA).
In a press statement released by LTA, these companies come from entities based in Malaysia, Singapore, Asia-Pacific, Europe, Middle East and North America.
Earlier this year in October, LTA announced that 150 firms responded to the RFI invitation.
Dubbed South-East Asia's most ambitious infrastructure project and the region's first HSR according to a report by The Star, the 340 km link will reduce the journey over land between the two neighbours to 90 minutes from about six hours.
In a joint statement, CEO of Malaysia's Suruhanjaya Pengangkutan Awam Darat (SPAD), En Mohd Azharuddin Mat Sah and CEO of LTA, Mr 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."
The governments of Malaysia and Singapore expect to finalise the commercial model and procurement approach of the project by next year.