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

  • Joining the dots: four ways to help cities make the connection
    May 18, 2018
    Smoothing the path to connected transportation systems in urban areas all round the world takes a lot of planning: Cisco’s Kyle Connor lays out the four key areas on which he thinks cities should focus. Forward-thinking cities around the world are exploring innovative, new ways to leverage the Internet of Things (IoT) and related technologies to create more connected and efficient transportation systems. Through greater digitisation and connectivity, cities can optimise public transit routes, reduce
    Read More
  • Gulf Traffic 2015 sent to be ‘one of the largest ever’
    October 19, 2015
    Gulf Traffic 2015 is shaping up to be one of the largest ever, say the organisers, with floor space nearly sold out four months away from the opening date. Significant investment over the past year in the Middle East within the traffic management, intelligent transport systems (ITS), road safety, parking, road maintenance and transport infrastructure industries has been reflected in the growth of the exhibition, conferences and awards. The GCC is set to invest approximately US$121.3 billion to improve
    Read More
  • New Haven shows small can be beautiful
    October 22, 2014
    Connecticut’s new administration is using smart policy and ITS solutions to bridge social divides. Andrew Bardin Williams investigates. With only 130,000 residents, New Haven can hardly be called a metropolis. Measuring less than 502km (18 square miles), the city is huddled against the coast, squeezed between two mountains (appropriately called East Rock and West Rock) that, at 111m and 213m (366ft and 700ft) respectively, can hardly be called mountains. The airport is small and has limited service, and th
    Read More
  • Cubic’s holistic view of traffic management
    May 25, 2022
    How can cities and transit agencies ease congested roadways? Andy Taylor of Cubic Transportation Systems suggests it would help to take a more holistic view of the problem
    Read More

Highlighted Content