Asian Insights Sparx

Total Page:16

File Type:pdf, Size:1020Kb

Asian Insights Sparx Asian Insights SparX KL-SG High Speed Rail Refer to important disclosures at the end of this report DBS Group Research . Equity 27 Jun 2019 KLCI : 1,676.61 Riding the HSR revival Success of Bandar Malaysia hinges on HSR Analyst Tjen San CHONG, CFA +60 3 26043972 [email protected] Holistic project financing is key QUAH He Wei, CFA +603 2604 3966 [email protected] Strong catalyst to revitalise property market STOCKS Top picks – IJM Corp, Gamuda, Matrix Concepts 12-mth HSR revival. Two key events unfolded in 2Q19 which could pave the Price Mkt Cap Target Price Performance (%) way for the recommencement of the Kuala Lumpur (KL)-Singapore(SG) RM US$m RM 3 mth 12 mth Rating high-speed rail (HSR) project in May 2020. First, MyHSR Corp called for a Technical Advisory Consultant (TAC) and a Commercial Advisory Gamuda 3.62 2,165 4.30 27.5 11.0 BUY Consultant (CAC) tender. Second is the revival of the Bandar Malaysia. IJM Corp 2.40 2,108 2.55 8.6 32.6 BUY Muhibbah 2.77 323 3.55 (6.1) (9.5) BUY The revival would be timely for construction as it will ensure a growth WCTEngineering Holdings Bhd 1.05 358 1.37 30.6 33.0 BUY agenda during the mid-term of the PH-led government. From an Kimlun Corp 1.40 113 2.16 15.7 2.9 BUY economic standpoint, the project would appear feasible given that the Sunway 2.02 631 1.91 9.2 8.6 HOLD KL-SG flight route remains the world’s busiest. MMCConstruction Corporation Group 1.13 833 1.49 10.8 (13.1) BUY Sunway Bhd 1.68 1,984 1.60 1.0 5.4 HOLD Holistic financing is key. We think the structure of the HSR project UEM Sunrise Bhd 0.82 896 0.85 (1.2) 14.0 HOLD (AssetsCo, InfraCo) and Opco) will be intact. However, the PDP Matrix Concepts 1.91 364 2.40 1.1 (5.5) BUY structure will likely be removed. The two key differentiating factors for Holdings Bhd contractors will be; i) experience and, ii) balance sheet strength. Larger Source: AllianceDBS, Bloomberg Finance L.P. contractors - Gamuda, IJM, YTL and Sunway Construction will be top contenders. We foresee strategic joint ventures (JVs) between some of Closing price as of 25 Jun 2019 these contractors and potentially foreign contractors/financiers. Landowners to benefit from proposed HSR stations The Indonesian experience. We conducted a case study of the Jakarta- Proposed station Company Land bank (acre) Bandung HSR project which was delayed for two years. However, the Ekovest, Iskandar Bandar Malaysia 485 structure of the KL-SG HSR project is different where foreign funding is Waterfront City only likely for the AssetsCo which receives a fixed train lease fee and takes no ridership risk. Also, Section 4 (Act 486) of the Land Act states Sepang-Putrajaya IOI Properties 310 that compulsory land acquisition for public purposes cannot be objected. Seremban Sime Darby Property 3,196 Revitalisation of property market. As the first cross-border HSR in Matrix Concepts 1,450 ASEAN, the huge income disparity between Malaysia and Singapore Melaka IOI Properties 1,070 could lead to significant economic spillover impact to less developed cities in Malaysia along the proposed HSR alignment. This is due to Muar Sime Darby Property 3,300 huge cost savings potential and shorter travelling time. Seremban and Batu Pahat Genting Plantations 600 Iskandar Puteri could see the highest migration and population growth, which in turn could result in appreciation of property prices. Our Iskandar Puteri UEM Sunrise 2,200 property proxies for HSR developments are Matrix Concepts Holdings, KL Kepong 501 Sunway and UEM Sunrise. This is by virtue of their large land bank within close vicinity to the proposed HSR stations. Sunway 1,079 Source: AllianceDBS, Bloomberg Finance L.P. ed: KK/ sa: WMT, PY, CS Asian Insights SparX KL-SG High Speed Rail The DBS Asian Insights SparX report is a deep dive look into thematic angles impacting the longer term investment thesis for a sector, country or the region. We view this as an ongoing conversation rather than a one off treatise on the topic, and invite feedback from our readers, and in particular welcome follow on questions worthy of closer examination. Table of Contents KL-SG HSR – An introduction 3 KL-SG HSR: POTENTIAL MIGRATION IMPACT ON PROPERTY VALUE AND CONSTRUCTION BENEFICIARIES 6 POTENTIAL CONSTRUCTION BENEFICIARIES 9 JAKARTA-BANDUNG HSR CASE STUDY 11 FINANCING 13 IMPACT ON PROPERTY MARKET 14 - Malaysian property market needs to be revitalised - Strong impetus to lift economic developments? - Commercial development – Greater KL - Industrial development – Johor - Tourism – Melaka - Residential migration – Transit-oriented developments KEY RISKS 27 VALUATION AND SECTOR COMPARISON (CONSTRUCTION) 28 VALUATION AND SECTOR COMPARISON (PROPERTY) 29 Company Guides 30 Note: Prices used as of 25 June 2019 Page 2 Asian Insights SparX KL-SG High Speed Rail KL-SG HSR: AN INTRODUCTION cost, provide updated ridership forecasts and assessments of the HSR’s benefits. HSR pre-GE14. The initial idea for the KL-SG HSR project took a more concrete shape when leaders of both countries met at a Second is the revival of the Bandar Malaysia project. On 19 April leaders’ retreat in October 2013. The idea was explored between 2019, Mahathir announced that the Bandar Malaysia project will both nations in the 1990s and was on the cusp of coming to be revived but with some changes. The original master fruition until the conclusion of Malaysia’s 14th General Elections developer, a consortium of Iskandar Waterfront Holdings Bhd (GE14) in May 2018. After the new government took over, this and China Railway Engineering Corp Sdn Bhd (IWH-CREC), had project was postponed until May 2020. 60 days to pay the original deposit sum of RM741m with an additional RM500m.The plan will also now include 10,000 In September 2018, both Malaysia and Singapore agreed to affordable housing units, a people’s park, Bumiputra (indigenous postpone the construction of the project until May 2020. Malays) participation throughout the project, and priority for Malaysia' Minister of Economic Affairs Datuk Seri Azmin Ali and local content and materials. Singapore Transport Minister Khaw Boon Wan exchanged legal documents pertaining to this, postponing the start of HSR’s Economic Affairs Minister Azmin added that the revived Bandar operations to 1 Jan 2031 instead of 31 December 2026. Malaysia project will be driven by the private sector and not receive government funding. The key focus of this project is to According to a study, the economic benefits of the HSR is make Malaysia a financial hub, apart from the other commercial estimated at RM 21bn of Gross Domestic Product (GDP) in the and residential content. year 2060 with 442,000 jobs created. This is on top of the multiple benefits of its construction estimated at RM 70bn, with Bandar Malaysia and HSR go hand in hand. In our view, the direct and indirect GDP impact of RM 29bn. It is estimated that success of Bandar Malaysia hinges on transport connectivity. the service will carry 22m passengers in year 10 of operations for Bandar Malaysia was initially earmarked for the HSR terminus all travel routes. (starting point). There were also supposed to be two underground stations at Bandar Malaysia for MRT2 before this HSR post-GE14. The Prime Minister of Malaysia Tun Mahathir was put on hold. The revival of Bandar Malaysia will likely be a Mohamad said in early April 2019 that he was exploring precursor to the eventual continuation of the HSR project in May proposals to reduce HSR’s total cost. He admitted that the 2020. project has potential economic benefits for both countries but it has to be feasible and sustainable. Further delays mean more compensation. The key question now is if the Singapore government will allow further deferment of However, in mid-April he changed his tune somewhat, focusing this project beyond May 2020 without additional compensation on improving the existing railway system through electrification from Malaysia. So far, Malaysia has paid Singapore SGD15m in and double tracking. His main rationale is that the HSR service compensation for the project’s delay. Any further delays would should be for travel of more than six hours, such as services from likely lead to much larger compensation. Johor to Penang, or even Thailand. Structure of HSR largely intact. The bulk of the project’s structure Is revival of HSR imminent? In our view, the revival of the HSR will still be relatively intact. However, financing and cost structure looks imminent given two key events in 2Q19. First, MyHSR will likely take precedence. In this report, we will attempt to sought a TAC via an open tender. This TAC will be tasked to make reasonable guesstimates on how the new government will review the technical aspects and recommendations following the structure this project. However, much of the report is still based Malaysian government’s revisions including alignment, stations on the previous structure. We believe the entity that offers the and HSR maintenance, as well as on the ground data collection most holistic financing solution for this project will have an upper activities such as topography survey data, soil investigation and hand. ground condition assessments. In May 2018, MyHSR called for a tender to appoint a commercial advisory consultant (CAC). The CAC will be required to develop a new business model that will enable optimal project life-cycle Page 3 Asian Insights SparX KL-SG High Speed Rail HSR offers shortest travel time Malaysia-Singapore HSR alignment Source: MyHSR Three services.
Recommended publications
  • BANDAR MALAYSIA FAQ IWH-CREC Sdn Bhd (ICSB)
    BANDAR MALAYSIA FAQ IWH-CREC Sdn Bhd (ICSB) has signed a deal to acquire 60% of Bandar Malaysia Sdn Bhd (BMSB) equity from TRX City Sdn Bhd (TRXC) on 17th December 2019 for a consideration of RM6.45 billion. 1. Who is IWH-CREC Sdn Bnd (ICSB)? ICSB is a joint venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CRECM). IWH holds 60% interest in ICSB and the remaining 40% is by CRECM. CRECM is a 100% owned subsidiary of CREC. CREC is a world-leading construction conglomerate with more than 120 years history. As one of the world’s largest construction and engineering contractors, CREC takes a leading position in infrastructure construction, industrial equipment manufacturing and real estate development. Over the decades, the CREC has built more than 2/3 of China’s national railway network and 90% of China’s electrified railway. IWH shareholding is 37% Kumpulan Prasarana Rakyat Johor (KPRJ – Johor State Govt) and 63% Credence Resources (Tan Sri Dato’ Lim Kang Hoo). At the BMSB level, there will be approximately 76% Malaysian/local interest or 53% federal/state’s interest. Credence KPRJ Resources China Railway (Johor (TS Lim Engineering State Govt) Kang Hoo) Corporation 37% 63% (M) Sdn. Bhd. 100% China Railway Iskandar Engineering Waterfront Corporation (M) Holdings Sdn. Bhd Sdn. Bhd. Bhd. 60% 40% IWH CREC Sdn. Bhd. 2. Who is TRX City Sdn Bhd (TRXC)? TRXC is a wholly owned subsidiary of the Ministry of Finance, Malaysia. TRXC was formerly a subsidiary of 1Malaysia Development Bhd before it was transferred to MoF due to mounting 1MDB debts and the inability to fund the TRXC projects, including Bandar Malaysia.
    [Show full text]
  • Bandar Malaysia Jv Partners Settle Contractual Obligations to Government
    PRESS RELEASE FOR IMMEDIATE RELEASE BANDAR MALAYSIA JV PARTNERS SETTLE CONTRACTUAL OBLIGATIONS TO GOVERNMENT ALL IS CLEAR FOR PROJECT TO TAKE OFF NOW KUALA LUMPUR, SEPTEMBER 15 2020 – Bandar Malaysia, the single largest city development in the region, is now ready to take off with the settlement of the RM1.24 billion payment due to the Federal Government by IWH-CREC Sdn Bhd. A total of RM1,24 billion has been paid by IWH-CREC, under the revised share sale agreement and shareholders’ agreement, which includes the 10-per cent deposit and a RM500 million advance payment to TRX City Sdn Bhd, which is wholly owned by Minister of Finance Inc. Under the agreements, IWH-CREC will take up a 60-per cent stake in Bandar Malaysia Sdn Bhd, the project’s master developer, from TRX City, with the remaining 40- per cent held by the Ministry of Finance. IWH-CREC is a joint venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China state-owned enterprise, China Railway Engineering Corporation (CREC). The Johor State Government also has an interest through Kumpulan Prasarana Rakyat Johor Sdn Bhd (KPRJ), which owns 37-per cent of IWH. Page 1 of 5 At a ceremony today, IWH, led by its executive vice chairman Tan Sri Lim Kang Hoo and CREC Malaysia Chairman Mr Chen ZhiGong handed over a cheque for RM1.24 billion to TRX City Sdn Bhd represented by Dato’ Asri bin Hamidon, witnessed by Minister of Finance YB Senator Dato’ Sri Tengku Zafrul Bin Tengku Abdul Aziz, Minister of Transport Datuk Seri Dr Wee Ka Siong, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to Malaysia, H.E.
    [Show full text]
  • Avara Brochure 12.5Inc Square 32Pages ENG FA Web
    www.avara.com.my Developer : BA SHENG SDN BHD (1058822-W) No. 10 (Lot 30), Jalan Seputeh, 58000 Kuala Lumpur. T: +603-7972 3365 Developer’s License No.: __________ • Validity: __________ – __________ • Advertising Permit No.: __________ • Validity: __________ – __________ • Building Plan Approving Authority: Dewan Bandaraya Kuala Lumpur • Building Plan Approval No.: BP S1 OSC 2017 1667 • Expected Date of Completion: 48 months (October 2021) • Land Tenure: Freehold • Land Encumbrances: Charged To RHB Bank Berhad (October 2021) • Type of Property: Serviced Apartment • Total Units: 366 • Selling Price: Type A (46 Units - 667 sq ft) – RM731,250.00 (Min.) RM821,250.00 (Max.) • Type A1 (23 Units - 689 sq ft) – RM757,500.00 (Min.) RM843,750.00 (Max.) • Type B (23 Units - 807 sq ft) – RM868,750.00 (Min.) RM958,750.00 (Max.) • Type C (91 Units - 829 sq ft) – RM890,000.00 (Min.) RM980,000.00 (Max.) • Type D (46 Units - 915 sq ft) RM970,000.00 (Min.) RM1,067,500 (Max.) • Type E (23 Units - 1,087 sq ft) RM1,126,250.00 (Min.) RM1,217,500.00 (Max.) • Type F (23 Units - 926 sq ft) RM981,250.00 (Min.) RM1,071,250.00 (Max.) • Type G (23 Units - 1,076 sq ft) RM1,116,250.00 (Min.) RM1,207,500.00 (Max.) • Type H (22 Units - 850 sq ft) RM910,000.00 (Min.) RM1,000,000.00 (Max.) Type I (46 Units - 1,216 sq ft) RM1,238,750.00 (Min.) RM1,328,750.00 (Max.) • Bumiputra Discount: 5% • Restriction in Interest: N/A. IKLAN INI TELAH DILULUSKAN OLEH JABATAN PERUMAHAN NEGARA.
    [Show full text]
  • Greater Kuala Lumpur: Bridge Between Asia and the World Why Greater Kuala Lumpur Is the Ideal Business Hub for Regional and Global Companies
    www.pwc.com/my Greater Kuala Lumpur: Bridge between Asia and the world Why Greater Kuala Lumpur is the ideal business hub for regional and global companies July 2017 This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PwC, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. ©2017 PwC. All rights reserved. “PricewaterhouseCoopers” and/or “PwC” refers to the individual members of the PricewaterhouseCoopers organisation in Malaysia, each of which is a separate and independent legal entity. Please see www.pwc. com/structure for further details. 2 Greater Kuala Lumpur: Bridge between Asia and the world Foreword Asia remains the world’s growth driver, and Greater Kuala Lumpur is at the heart of it In PwC’s World in 2050 report, released earlier this year, Foreign investors are particularly interested in using we continue to foresee the shift in global economic power Malaysia and Greater KL as their regional operational away from established advanced economies towards hub to tap into the growing opportunities in emerging emerging economies in Asia.
    [Show full text]
  • The Development and Distribution Pattern of Railway Network for Urban Public Transport Using GIS from 1990 Until 2019 in the Klang Valley and Kuala Lumpur, Malaysia
    JOURNAL OF SOCIAL TRANSFORMATION AND REGIONAL DEVELOPMENT VOL. 2 NO. 2 (2020) 1-10 © Universiti Tun Hussein Onn Malaysia Publisher’s Office Journal of Social Transformation JSTARD and Regional Journal homepage: http://publisher.uthm.edu.my/ojs/index.php/jstard Development e-ISSN : 2682-9142 The Development and Distribution Pattern of Railway Network for Urban Public Transport Using GIS from 1990 Until 2019 in The Klang Valley and Kuala Lumpur, Malaysia Mohd Sahrul Syukri Yahya1*, Edie Ezwan Mohd Safian1, Burhaida Burhan1 1Faculty of Technology Management and Business, Universiti Tun Hussein Onn Malaysia, 86400 Parit Raja, Batu Pahat, Johor, MALAYSIA *Corresponding Author DOI: https://doi.org/10.30880/jstard.2020.02.02.001 Received 20 July 2020; Accepted 30 October 2020; Available online 30 December 2020 Abstract: The development and distribution pattern of the railway network has significantly increased in urban public transport with the current situation to move fast towards the fourth industrial revolution (4IR). In Malaysia, the problem issues are related to traffic congestion and many user cars on the roadway in daily lives. One alternative mode of using a rail network is commuter, LRT, Monorail, MRT and ETS. Therefore, the Geographic Information System (GIS) technology is then used to map and produce the railway networks history and developments in urban public transportation (UPT). The goal of this research is to identify the heatmap trends of the Klang Valley railway stations which included Kuala Lumpur as urban public transport sectors. It was based on the OSM image layer from the year 1990 to 2019 and studied the growth of railway networks through a polyline pattern analysis.
    [Show full text]
  • Newsletter-April 2017 5
    FREEHOLD APRIL 2017 EKOVEST PP18916/11/2015(034379) TOP ASIA AWARD FOR SUKUK ISSUANCE SOME THINGS ARE DUKE 3 Worth Treasuring PRIME MINISTER'S VISIT In Life TO RIVER OF LIFE SITE River Beautification In Precinct 7 EkoCheras Mall EKOCHERAS EQUATES EARTH-CONSCIOUSNESS SUSTAINABILITY EkoCheras BEST MIXED DEVELOPMENT EkoRiver Centre (KL River City) REDEFINED by Ekovest Berhad LAVISH YOURSELF IN THE HEART OF THE CITY LIKE NEVER BEFORE Embrace uber modern contemporary living. Inside and outside. From lavish living space full of natural light to leisurely outdoors filled with breezy style and comfort. EkoTitiwangsa is a living icon connected to a 7-storey shopping mall (approx. 600,000sf) with a breathtaking view of the stunning KL skyline. Not Least, EkoTitiwangsa is located along Titiwangsa, right next to the DUKE Highway and KL River City. Offering exceptional accessibility, these 3 blocks of freehold service apartments are the answer to urbane living in luxury suites ranging from 820sf to 1340sf, as well as immense safety via 24-hour CCTV surveillance with 3-tier security complete with smart card access and guard patrol. EKOVEST BERHAD DEVELOPER HEAD OFFICE EKOVEST BERHAD SALES GALLERY Ground Floor, Wisma Ekovest, No. 118, No 122, Jalan Desa Gombak 1, Ekovest Land Sdn Bhd (549480-K) Jalan Gombak, 53000 Kuala Lumpur. 53000 Kuala Lumpur. +603 4032 1881 (A wholly owned subsidiary of Ekovest Berhad) T : +603-4021 5948 F : +603-4032 1771 GPS Co.: N 3°11'38.6" E 101°42'18.5" www.ekotitiwangsa.com E : [email protected] fb.com/Ekovest Berhad
    [Show full text]
  • Section 3 Project Description Projek Mass Rapid Transit Laluan 2 : Sg
    Section 3 Project Description Projek Mass Rapid Transit Laluan 2 : Sg. Buloh – Serdang - Putrajaya Detailed Environmental Impact Assessment SECTION 3 : PROJECT DESCRIPTION 3. SECTION 3 : PROJECT DESCRIPTION 3.1 INTRODUCTION The main objective of the Project is to facilitate future travel demand in the Klang Valley and to complement the connectivity to Kuala Lumpur by improving the current rail coverage and increasing accessibility of public transport network to areas not currently served or covered by public transport. The SSP Line will serve the existing residential areas, minimize overlapping with existing rail service and provide convenient access to Kuala Lumpur city centre. This section describes the Project in terms of the proposed alignment and stations, the planning and design basis, operation system and the construction methodology. 3.2 PLANNING AND DESIGN BASIS The over-arching principles in the development of the KVMRT is even network coverage, entry into the city centre, location of stations in densely populated areas and ability to sustain future expansion. The GKL/KV PTMP has identified key issues in the rail network such as capacity and quality of existing systems, integration between modes, gaps in network coverage and mismatch in land use planning. Considering the gap in the network, particularly in the northwest – southern corridor, the SSP Line is designed to serve the city centre to Sg Buloh, Kepong, Serdang and Putrajaya areas. The SSP Line will traverse through high density residential and commercial areas and has the capacity to move large volumes of people from the suburban areas to the employment and business centres. In terms of planning basis, the main objectives of the Project are as follows:- • To meet the increasing demand for rail based urban public transportation • To increase the railway network coverage and its capacity • To provide better integration between the new SSP Line and existing rail lines such as LRT, Monorail, SBK Line and KTM lines as well as the future High Spee Rail.
    [Show full text]
  • Klang Valley Rail Transit Map April 2020
    Klang Valley Rail Transit Map April 2020 2 P Tanjung Malim 5 P Kuala Kubu Baru Gombak P 1 P Rasa Taman Melati P Batu Caves P Batang Kali Wangsa Maju P P P P Serendah Taman Wahyu P P Sri Rampai P 3 Sri Sri P Metro P Rawang Damansara Damansara Kepong Sri Prima Ampang P Sentral Timur Baru Jinjang Delima 4 3 Setiawangsa P P Kuang Sentul Cahaya Kampung P Jelatek P Sri Batu P Timur P Damansara Kepong Sentral P Barat P Kentonmen Dato’ Keramat Kepong Damansara Batu Kentomen Damai Cempaka P Sentul P Jalan Damai Ipoh *Sungai Sentul P P P Segambut Sentul Buloh Pandan Indah P Barat Hospital Raja Ampang *Kampung Titiwangsa Kuala Lumpur Uda Park Selamat *Rubber Research Institute 8 KLCC Pandan Jaya P *Kwasa Chow Kit P Damansara 9 12 Putra PWTC Medan Tuanku Kampung Baru Persiaran KLCC Kwasa P Sentral Sultan Ismail Dang Wangi Bukit Nanas Kota Conlay Damansara Raja Chulan Surian Bank Negara Bandaraya Tun Razak Mutiara Exchange (TRX) Damansara Bukit Bintang Cochrane Maluri P Bandar Bukit Bintang P Masjid Utama Jamek Imbi S01 P Miharja P Plaza Hang Rakyat Tuah Pudu S02 Taman Tun 11 Dr Ismail Taman Pertama Chan Phileo P Merdeka Sow Lin Damansara Taman Midah P S03 P Kuala Lumpur Cheras Taman Mutiara Bukit Kiara Bandar Malaysia P Muzium Negara Pasar Utara Seni Maharajalela Taman Connaught S04 Salak Selatan P KL Sentral P Bandar Malaysia Taman Suntex Selatan P P Tun Sambanthan Semantan KL Sentral 8 Pusat Bandar Sri Raya P S05 Damansara P Mid Valley Seputeh Salak Selatan Bandar Tun Bandar Tun Razak P Hussein Onn 10 Bangsar P P P P P S06 Batu 11 Cheras Skypark
    [Show full text]
  • ASIA-PACIFIC CLIMATE CHANGE ADAPTATION FORUM 2014, 1 – 3 OCTOBER 2014 PWTC 1 Transportation Between Airports and Putra World T
    ASIA-PACIFIC CLIMATE CHANGE ADAPTATION FORUM 2014, 1 – 3 OCTOBER 2014 PWTC Transportation between Airports and Putra World Trade Centre (PWTC) 1. KUALA LUMPUR INTERNATIONAL AIRPORT (KLIA) Kuala Lumpur International Airport (KLIA) is the main aviation hub in Malaysia. It is located in Sepang district, in the southern part of the state of Selangor bordering Negeri Sembilan, approximately 50 km from the capital city, Kuala Lumpur. Most international flights arrive at Terminal C which is located at the Satellite Building of KLIA. An aerotrain provides a complimentary shuttle service for passengers between the Main Terminal Building and the Satellite Building every 3 – 5 minutes. The aerotrain takes just about 2 minutes to travel into a tunnel that runs underneath an airport taxiway and into the Satellite Building. For more information about KLIA, please visit the following link www.klia.com.my Please take note of the options for transportation from the KLIA to the forum venue, PWTC, and back to KLIA. Please note that travel duration may vary depending on intermediated stop and traffic conditions. Option 1: Airport Taxi / Limo Upon arrival at the KLIA, the authorised airport taxi counters can be found at the Arrival Hall, Main Terminal Building after Customs, before the public arrival waiting area. If you disembark at the Satellite Building or the Terminal C, please take the aerotrain to reach the Main Terminal Building. The airport taxi service is operated by Airport Limo (M) Sdn. Bhd. Taxi fares are charged according to destination and the type of taxi or limo required. There are 4 types of airport taxi available to choose from: Type of Taxi / Limo Capacity (depending on the car model) Budget Taxi 3 – 4 passengers only Premier Limo 4 to 5 passengers only Super Luxury 3 passengers only Family Service 8 passengers only Source: www.klia.com.my Please tell the person in charge your destination (e.g.
    [Show full text]
  • 5G for Trains
    5G for Trains Bharat Bhatia Chair, ITU-R WP5D SWG on PPDR Chair, APT-AWG Task Group on PPDR President, ITU-APT foundation of India Head of International Spectrum, Motorola Solutions Inc. Slide 1 Operations • Train operations, monitoring and control GSM-R • Real-time telemetry • Fleet/track maintenance • Increasing track capacity • Unattended Train Operations • Mobile workforce applications • Sensors – big data analytics • Mass Rescue Operation • Supply chain Safety Customer services GSM-R • Remote diagnostics • Travel information • Remote control in case of • Advertisements emergency • Location based services • Passenger emergency • Infotainment - Multimedia communications Passenger information display • Platform-to-driver video • Personal multimedia • In-train CCTV surveillance - train-to- entertainment station/OCC video • In-train wi-fi – broadband • Security internet access • Video analytics What is GSM-R? GSM-R, Global System for Mobile Communications – Railway or GSM-Railway is an international wireless communications standard for railway communication and applications. A sub-system of European Rail Traffic Management System (ERTMS), it is used for communication between train and railway regulation control centres GSM-R is an adaptation of GSM to provide mission critical features for railway operation and can work at speeds up to 500 km/hour. It is based on EIRENE – MORANE specifications. (EUROPEAN INTEGRATED RAILWAY RADIO ENHANCED NETWORK and Mobile radio for Railway Networks in Europe) GSM-R Stanadardisation UIC the International
    [Show full text]
  • Siemens Malaysia
    The Company Unrestricted | © Siemens 2021 | June 2021 1816 – 1892 1866 Siemens innovations Company founder, The dynamo makes visionary and inventor electricity part of Milestones everyday life in a 173-year history 1847 1879 Pointer telegraph lays the World’s first foundation of Siemens as a electric railway global company Page 2 Unrestricted | © Siemens 2021 | June 2021 1925 1975 2010 2016 2019 Siemens electrifies Breakthrough of high- TIA Portal takes MindSphere, Launch of first project the Irish Free State voltage direct-current automation a stage the cloud-based IoT for Siemensstadt 2.0 with a hydroelectric (HVDC) transmission further operating system power plant 1959 1983 2012 2018 2020 SIMATIC First magnetic resonance Test operation of the Charter of Trust: a joint Comfy workplace app makes revolutionizes imaging scanner world‘s largest rotor for initiative for a secure it safe to return to the office automation offshore wind turbines digital world during the coronavirus pandemic Page 3 Unrestricted | © Siemens 2021 | June 2021 Page 4 Unrestricted | © Siemens 2021 | June 2021 Providing technology solutions to address the greatest challenges of our time Digital transformation of industry, Healthcare system infrastructure and mobility Energy transition Population Competitive Efficient Economic Increasing Distributed Aging society growth industries infrastructure growth demand energy systems / Climate change / Increase in chronic Sustainable use of Grid edge Productivity Prosperity decarbonization Personalized healthcare diseases resources
    [Show full text]
  • 016 Market Study with Focus on Potential for Eu High-Tech Solution Providers
    Co-funded by MALAYSIA’S TRANSPORT & INFRASTRUCTURE SECTOR 2016 MARKET STUDY WITH FOCUS ON POTENTIAL FOR EU HIGH-TECH SOLUTION PROVIDERS Market Report 2016 Implemented By SEBSEAM-MSupport for European Business in South East Asia Markets Malaysia Component Publisher: EU-Malaysia Chamber of Commerce and Industry (EUMCCI) Suite 10.01, Level 10, Menara Atlan, 161B Jalan Ampang, 50450 Kuala Lumpu Malaysia Telephone : +603-2162 6298 r. Fax : +603-2162 6198 E-mail : [email protected] www.eumcci.com Author: Malaysian-German Chamber of Commerce and Industry (MGCC) www.malaysia.ahk.de Status: May 2016 Disclaimer: ‘This publication has been produced with the assistance of the European Union. The contents of this publication are the sole responsibility of the EU-Malaysia Chamber of Commerce and Industry (EUMCCI) and can in no way be taken to reflect the views of the European Union’. Copyright©2016 EU-Malaysia Chamber of Commerce and Industry. All Rights Reserved. EUMCCI is a Non-Profit Organization registered in Malaysia with number 263470-U. Privacy Policy can be found here: http://www.eumcci.com/privacy-policy. Malaysia’s Transport & Infrastructure Sector 2016 Executive Summary This study provides insights into the transport and infrastructure sector in Malaysia and identifies potentials and challenges of European high-technology service providers in the market and outlines the current situation and latest development in the transport and infrastructure sector. Furthermore, it includes government strategies and initiatives, detailed descriptions of the role of public and private sectors, the legal framework, as well as present, ongoing and future projects. The applied secondary research to collect data and information has been extended with extensive primary research through interviews with several government agencies and industry players to provide further insights into the sector.
    [Show full text]