What role was the AssetsCo meant to play in the HSR?

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The AssetsCo was intended to function as the central entity responsible for supplying the train system and operating the High Speed Rail network, thereby safeguarding the interests of both Malaysia and Singapore.

The AssetsCo was envisioned as a critical component of the High Speed Rail (HSR) project, tasked with a dual role of systems supplier and network operator. This entity was designed to manage the provision of the train system itself and oversee the operation of the entire HSR network. Its establishment was considered fundamental to ensuring that the distinct interests of both Singapore and Malaysia were adequately protected throughout the project's lifecycle. The company was also to be responsible for ensuring that the cross-border HSR service received appropriate priority in relation to Malaysia’s domestic rail services.
Ensuring Bilateral Interest Protection

A primary function of the AssetsCo was to act as a guarantor of both nations' interests. By being accountable to both Singapore and Malaysia, it was intended to serve as a mechanism to prevent future disputes. This oversight was deemed essential for the long-term viability of a project spanning decades, aiming to minimize potential disagreements by having a single, agreed-upon entity managing key operational aspects.
Operational and Systems Management

The AssetsCo was designated to procure and supply the necessary train systems for the HSR service. Beyond just supplying the hardware, it was also responsible for the ongoing operation of the network. This integrated approach to systems and operations was a core tenet of the original bilateral agreement, aiming for seamless and efficient service delivery between the two countries.
Prioritisation of Cross-Border Service

Crucially, the AssetsCo was mandated to ensure that the cross-border HSR service was given due priority over Malaysia's domestic rail services. This provision was vital for the effective functioning of an international high-speed link, ensuring that the needs of the Singapore-Kuala Lumpur corridor were not overshadowed by national services.
Central Piece for Project Harmony

The AssetsCo was considered the centerpiece of the HSR project by Singapore. Its role was seen as indispensable for maintaining harmony and facilitating cooperation between the two countries. The intention was that this company, appointed through an open and transparent international tender process, would bring in best-in-class industry expertise, thereby reducing the likelihood of disagreements and disputes over the decades-long duration of the project.

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What role was the AssetsCo meant to play in the HSR?

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