US, Australia to collaborate on infrastructure investment

Visiting Melbourne and Sydney, Australia, to promote private sector investment in US infrastructure US Transportation Secretary Anthony Foxx has signed a new agreement with Australian Minister of Transport and Infrastructure Darren Chester that will strengthen collaboration on infrastructure investment strategies between the two countries. It will also advance collaboration on public-private partnerships, intelligent transportation systems and unmanned aircraft systems. One of the key areas of coope
August 5, 2016 Read time: 2 mins
Visiting Melbourne and Sydney, Australia, to promote private sector investment in US infrastructure US Transportation Secretary Anthony Foxx has signed a new agreement with  Australian Minister of Transport and Infrastructure Darren Chester that will strengthen collaboration on infrastructure investment strategies between the two countries.

It will also advance collaboration on public-private partnerships, intelligent transportation systems and unmanned aircraft systems.

One of the key areas of cooperation identified in the new agreement is the development of public-private partnerships (P3s) to advance critical infrastructure projects. Australia is a recognized leader in employing P3s to support a wide array of infrastructure projects, allowing smaller government investments to leverage much larger amounts of private capital to support the construction of roads, bridges, transit systems and more.

This week, Foxx is meeting with Australian transportation officials at the federal and state levels, as well as key private sector leaders, to learn more about Australia's experience with P3s and to identify strategies that could foster the growth of successful P3s in the US.
Urban Traffic Control

Related Content

  • IBTTA seeks transportation innovation
    December 16, 2016
    IBTTA’s Patrick Jones contemplates the need for, sources of and constraints on transportation innovation. For years now, visionary thinkers and doers in the highway transportation community have been laser-focused on the role of innovation in addressing the most pressing mobility challenges.
    Read More
  • InfoConnect delivers accurate travel information on all levels
    August 1, 2012
    Deryk Whyte provides an overview of how the New Zealand Transport Agency's InfoConnect concept was developed. Historically, the New Zealand Transport Agency (NZTA) (formerly Transit New Zealand) has faced challenges in communicating effectively with road users, its customers, about highway-related events or incidents in a timely, accurate manner. Prior to 2007, Transit relied on a third-party organisation to collect and disseminate national road condition information. This often resulted in incomplete infor
    Read More
  • Public transit CEOs highlight urgent need to invest in aging US public transportation systems
    May 23, 2016
    CEOs of large, mid-size and small public US transportation systems attending a press call as part of National Infrastructure Week have sounded the alarm for the urgent need to increase infrastructure investment in America's public transportation systems. The Federal Transit Administration (FTA) cited a US$86 billion backlog in deferred maintenance and replacement needs with more than 40 per cent of buses and 25 per cent of rail transit assets in marginal or poor condition, according to the latest data
    Read More
  • ARTBA highlights transport's importance to US
    May 16, 2012
    New data available from the American Road & Transportation Builders Association (ARTBA) highlights the importance of transportation spending to US economic growth. This information can be sourced through a new Internet resource set up by ARTBA. The data has been revealed at a time when the multi-year highway/transit authorisation bill is still being discussed in the US Congress. The US secretary of Transportation, Ray LaHood, said at the CONEXPO-CON/AGG 2011 that he hopes a six year authorisation bill will
    Read More

Highlighted Content