In a joint press release, the companies said the partnership will combine European technology and project experience with local expertise. It added that Siemens and Alstom have decades of experience in delivering complex cross-border high speed railway projects while Ferrovie dello Stato Italiane will contribute its expertise in railway operation and a vast global footprint.
Meanwhile, George Kent is partnering with PORR, an leading Austrian infrastructure company that offers slab track technology proven on high speed railways. “George Kent have assembled a strong team and will be working together with experienced partners to deliver and maintain the safest and most reliable high speed rail systems in the world.
“We aim to facilitate technology transfer and maximize the local content, resources and human capital in line with Malaysia’s aspiration of developing a resilient and vibrant rail industry,” said Tan Sri Tan Kay Hock, chairman of George Kent.
Trading in George Kent shares was halted at 2.30pm on MOnday and will resume at 3.30pm. Prior to the trading halt, the counter was trading two sen higher at RM3.79 a share with 589,700 units exchanging hands.