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

  • CTS enters partnership to improve Melbourne’s traffic flow
    June 18, 2018
    Cubic Transportation Systems (CTS) has entered an R&D agreement with the iMove Cooperative Research Centre to improve traffic flows in Melbourne, Australia. The $55m government-funded project will consider the interaction of all transport modes to identify blockages in the management of an integrated multi-modal system. The two-year initiative - called the Implementation of a Multimodal Situational Awareness and Operations Regime Evaluation Platform – sees CTS collaborating with the University of Melbou
    Read More
  • Progress in talks on new Sydney toll road
    October 10, 2013
    Toll roads operator Transurban says it has made good progress in its talks with the New South Wales government on a US$2.5 billion tunnel proposal for Sydney's north. The proposed project would be a tolled motorway linking the M1 Pacific Motorway, formerly the F3 freeway, at Wahroonga to the M2 toll road at West Pennant Hills. The project involves the construction of new eight kilometre tunnel, which would be the longest tunnel of its kind in Australia. “We have made significant progress in our disc
    Read More
  • Intel investing in vehicles’ connected future
    November 30, 2012
    Prospects for a vision of vehicles fully connected to traffic information, safety and entertainment services are being boosted by a $100 million investment from Intel. Pete Goldin reports. Hear the name Intel and what comes to mind is processing power. What may not be realised is that Intel is positioned to become a major player in the automotive technologies market, including connected vehicle technology. To strengthen this position, the company’s investment arm, Intel Capital, has established a $100 milli
    Read More
  • Australia invests $20m in e-bus trials
    December 1, 2020
    Victoria’s first e-bus has saved 61 tonnes of CO2 emissions
    Read More

Highlighted Content