Six Singapore companies, brought together by International Enterprise (IE) Singapore, announced their intention to partner each other on 2 July 2017, with plans to team up with international players to jointly participate in high speed rail projects starting with the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR). The companies involved are Clifford Capital Pte. Ltd., DBS, Sembcorp Design & Construction, SMRT International Pte Ltd, Surbana Jurong Private Limited and Singapore Technologies Electronics Limited (ST Electronics).

The KL-SG HSR is a strategic project between the Governments of Singapore and Malaysia that aims to facilitate seamless travel between Kuala Lumpur and Singapore, enhance business linkages and bring the peoples of both countries closer together. The 350km rail line is targeted to be operational by end 2026.

In view of the project’s significance and potential, IE Singapore has brought together the companies in line with its role to help Singapore companies capture global opportunities. The partnership leverages unique strengths of each company, enabling them to expand into the high speed rail segment. Together, their solutions cover the entire value chain of financing, design, construction, system integration, operations and maintenance. The companies plan to partner international players to jointly participate in the KL-SG HSR.

Please read the Joint Media Release here

Clifford Capital acted as Bookrunning Mandated Lead Arranger on a US$1.45 billion Senior Secured Term Loan Facility to finance the Cidade de Marica floating production storage and offloading vessel ("FPSO") that will be deployed under a 20 year charter agreement with Petróleo Brasileiro S.A (“Petrobras”) in Brazil. 

Clifford Capital provided a meaningful commitment based on the value of the supply contracts from a number of Singapore-based companies including Dyna-Mac Holdings Ltd which had supplied the topside modules for the FPSO. 

SBM Offshore is an industry leading provider of floating production solutions to the offshore energy industry, with its main focus on the design, supply, installation, operation and the life extension of FPSO vessels. The FPSO is owned by a consortium that includes SBM Offshore, Mitsubishi, Nippon Yusen Kaisha and QGOG Constellation. 

For media enquiries or interview requests, please contact:

Clifford Capital Pte. Ltd.

Audra Low
Head of Origination & Structuring
+65 3157 8930

Tulchan Communications LLP
Adwin Low
+65 6222 3765 / +65 9026 3001