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

  • ITS Australia supports Melbourne’s world first ‘urban laboratory’
    January 6, 2017
    ITS Australia has welcomed the Victorian Government’s announcement of a unique hi-tech transport project for Melbourne. The National Connected Multimodal Transport (NCMT) test bed will develop pilots and facilitate collaborations between government, industry and academia. It will utilise thousands of sensors and wireless units fitted to roads to provide insight into how to manage transport systems and road networks in a more efficient way. The urban laboratory would cover approximately 7 kilometres
    Read More
  • Sell-out attendance at ITS Australia’s 2017 summit
    October 3, 2017
    A new record of over 400 international and Australian ITA leaders attended 5th annual Australian Intelligent Transport Systems Summit with more than 50 Australian international speakers at the Brisbane Convention and Exhibition Centre (27 – 28 September). ITS Australia hosted three exclusive functions- the Thought Leadership Series – with government ministers and leading influencers in Melbourne, Sydney and Brisbane. In addition, this year’s theme ‘Transforming Transport focused on Connected and Automat
    Read More
  • Silos are last century’s thinking
    April 21, 2016
    After 45 years in transportation, Ken Philmus sees the need for major change in a sector currently ill-prepared to meet the challenge of funding and rapidly advancing technological change. Having worked in both the public and private sectors, Ken Philmus, currently senior vice president of transportation solutions at Xerox, appreciates both approaches, but times are changing and he believes the sector needs to change too. “I like trains, planes and automobiles but I love the concept of mobility and that’s w
    Read More
  • ITS America maps out implications and opportunities for ITS industry
    November 28, 2012
    A critical milestone was reached in July 2012, when the US Congress passed, and President Obama signed, legislation reauthorising the nation's surface transportation programs, breaking a nearly three-year log-jam which had blocked critical transportation reforms and delayed much-needed infrastructure projects. In a town where compromise is sometimes considered an endangered species, Republicans and Democrats came together during a months-long series of negotiations and hashed out a bipartisan agreement that
    Read More

Highlighted Content