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 ‘could save Australia US$500 million a year’
    February 22, 2013
    According to Australia’s federal infrastructure and transport minister, Anthony Albanese, an Australia-wide electronic freeway management system has the potential to greatly reduce congestion and save Australian families and businesses more than US$500 million a year. Albanese said as much as he announced the US$21 million contract to deliver an Intelligent Transport System (ITS) and communications infrastructure to the Westgate freeway managed motorway project in Victoria under the national smart managed m
    Read More
  • ITS Australia Awards: finalists revealed
    November 29, 2022
    Cisco, Moovit and Q-Free are among the companies up for 13th ITS Australia Annual Awards
    Read More
  • Funding agreed for reconstruction of Fort Worth I-35W
    September 20, 2013
    A significant milestone in the redevelopment and expansion of Interstate 35W in Fort Worth, one of the most critical and most-congested corridors in the North Texas region and in the country has been achieved by NTE Mobility Partners Segments 3 LLC (NTEMP3). They have reached financial agreement on Segment 3A of the North Tarrant Express (NTE), paving the way for the reconstruction and expansion of the interstate. The project is being financed through a unique combination of public and private funds: US$
    Read More
  • Qatar invests $70 billion to pave the way to world beating transportation
    July 26, 2013
    Eng. Zeina Nazer looks at what Qatar’s recently-announced investment in transport infrastructure will mean on the ground. Qatar is experiencing a rapid economic and industrial growth. This growth is characterised by a rapid population increase and by the urgent need towards the development of both infrastructure projects and major transport projects. In order to handle this rate of development within Qatar, Public Works Authority (Ashghal) is developing a fully-integrated multimodal transportation system in
    Read More

Highlighted Content