According to sources, five companies intend to bid for the new high-speed rail (HSR) project worth up to RM60 billion, and some are even discussing with potential partners to undertake the project.The financial weekly "The Edge" reported that sources revealed that the five relevant listed companies are
MMCCORP controlled by Tan Sri Syed Mokhtar and
WCT Holdings (WCT, 9679, Main Board Construction) controlled by Tan Sri Lim Siew Choon),
YTL Corporation (YTL, 4677, main board utility stocks),
Malaysia Resources (MRCB, 1651, main board industrial stocks), and Tan Sri Vincent Tan's successful institutions (
BJCORP, 3395, main board industrial stocks).
Among them, at least two companies have started negotiations with Chinese companies, another seems to be inclined to cooperate with Japanese consortiums, and the remaining two are waiting for the government to disclose more project details.
It is understood that Berjaya Corp has held high-level discussions with Sinohydro, while YTL is said to be in talks with Chinese rolling stock manufacturer CRRC as a potential partner for the high-speed rail project.When asked about this matter, WCT Holdings, YTL Corporation and Success Corporation did not immediately respond.
Sources revealed that MMCORP currently intends to seek a Japanese partner, while MRCB and WCT Holdings are waiting for the government to announce clearer details.
However, the market speculates that Malaysia Resources (MRCB) has cooperated with China Communications Construction Group (CCCC) in the past, so it is expected to join forces again; in contrast, China Railway Construction (CRCC) also intends to find a local partner.
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