YTL was previously appointed as one of two project delivery partners (PDP) for the now deferred Kuala Lumpur to Singapore HSR project. YTL submitted a bid for the role via a 70:30 joint venture (JV) with TH Properties (THP). The other consortium appointed for the PDP role previously was MRCB-Gamuda (50:50). The YTL-THP JV was selected for the southern portion of the alignment (Johor portion) and MRCB-Gamuda for the northern portion (KL to state border of Melaka-Johor).
Anwar will meet with Singapore Premier Lee this morning before going to the Chinese conference, then will meet China Xi tomorrow. Looks like a revived HSR is on the table for discussion, this round I think Singapore will want to participate if they get China support in funding and technical know-how.
Minister Ngar in his interview told Sin Chew that Anwar's trip to China will hopefully bring in investments in KL-Singapore HSR project and also big data centres in Malaysia. YTL Corp will most likely be involved in the KL-Singapore project when it is revived as YTL was appointed as the PDP for the southern portion of the cancelled HSR job, while YTL Power will be able to lure more chinese companies to set up green data centres in its Kulai solar power park. YTLP has already secured green data centre jobs of over 100MW from chinese clients, and will still have capacity to get another 250MW worth of jobs in the Kulai site.
@ocbc, I think YTL would likely partner with LTAT again since they were in a consortium which got awarded the southern portion of the KL-Singapore HSR.
This round, the key is to get financing from China to undertake the entire turnkey project as Malaysia government has no money to fund it and local companies would not take much equity risk. The good thing is that both Malaysia and Singapore have shown interests to push through this project again.
I would expect some China consortium to undertake the entire project with most of local civil & construction works sub-contracted to local parties like YTL or Gamuda.
If terms are favourable, I would not discount the possibility for YTL to take a small equity stake in the HSR concession company and run the business as it has been doing very well with the ERL.
@dragon328 i think those company with plenty of land along the HSR route such is YTL, UEM , IWCITY ,BJLand are ideal as partner in addition to Gamuda-MRCB constructions group to China partners.
@Gun8811, the JB-Gemas double-track railway project was just a construction contract to YTL, so there is no revenue risk. YTL has already earned construction profits though at very thin margin.
KL-Singapore HSR project will be on a different business model where the undertaker will need to fund the project then earn back returns through years of concession. It is still a question as to the project is feasible.
Invited groups for discussion : YTL Group Berjaya Group Bhd UEM Malaysian Resources Corp Bhd (MRCB) MMC Corp Bhd WCT Holdings Bhd
See the listing, u know if u got big lands along the SG-KL lines , u will sure go for it. Ticket prices will be adjusted accoding to future land prices. Win-win for all !!!
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cwc1981
975 posts
Posted by cwc1981 > 2023-03-28 16:19 | Report Abuse
Is this project confirm?