Skip to main content

ITS Australia supports funding proposal for industry research

ITS Australia has welcomed the transport industry’s final application to the Federal Government’s US$498 million (AU$653 million) Cooperative Research Centres (CRC) Program, which has been established to solve industry identified challenges through outcome-focused collaborative research partnerships. ITS Australia, the national body for the intelligent transport systems (ITS) industry, is a consortium member of iMOVE CRC, one of seven shortlisted applicants. With a focus on developing substantial imp
October 27, 2016 Read time: 2 mins
858 ITS Australia has welcomed the transport industry’s final application to the Federal Government’s US$498 million (AU$653 million) Cooperative Research Centres (CRC) Program, which has been established to solve industry identified challenges through outcome-focused collaborative research partnerships.

ITS Australia, the national body for the intelligent transport systems (ITS) industry, is a consortium member of iMOVE CRC, one of seven shortlisted applicants.

With a focus on developing substantial improvements to the competitiveness, productivity and sustainability of Australian industries and the economy, iMOVE CRC’s says its bid is industry-led and outcome-focused.

“We are entering an era of unprecedented change in transport, with more traffic, changes in business models, increased levels of connectivity and automation in vehicles, and opportunities to benefit greatly from increased information,” iMOVE CRC bid leader, Ian Christensen said.

According to ITS Australia CEO Susan Harris, congestion currently costs Australian businesses and communities US$12.5 billion (AU$16.5 billion) per year and it is expected to reach US$28 billion (AU$37 billion) per year by 2030.

“To tackle congestion, transport safety and efficiency, it is important to have accurate, reliable and real time data and information. The Federal Government’s CRC Program is an opportunity to establish the right structures and platforms for governments, industry and researchers to develop intelligent transport systems and infrastructure, to find end-to-end freight solutions and enhance personal mobility,” said Harris.

“ITS Australia congratulates the iMOVE CRC team on such a strong bid, reflecting the strength of the ITS industry in Australia. We back this bid one hundred per cent and look forward to continuing to work collaboratively with governments, agencies, industry, and communities to improve productivity, international competitiveness and journeys, as well as continuing to enhance Australia’s position as a global leader in ITS.”

The final CRC outcomes are expected in early 2017 with funding to commence by mid-year.

For more information on companies in this article

Related Content

  • Rating agency Standard and Poor Tolling sees a bright future for tolling
    September 6, 2017
    Few disruptions appear on the horizon for global toll road operators, with the US poised to become a better bet for major investment, according to ratings agency Standard and Poor’s (S&P’s) Global Ratings’ 2017 report, which rates toll road operators according to their ability to raise capital. The outlook is generally stable for business conditions and credit quality for toll roads worldwide. One positive exception is the US where the overall outlook is ‘positive’ as S&P expects traffic growth to increase
  • ITS market ‘expected to reach US$24.75 billion by 2017’
    January 10, 2014
    According to the latest research report from research and Markets, the global intelligent transportation system (ITS) market is expected to reach $24.75 billion by 2017 at an estimated CAGR of 12 per cent. North America is seen as a market leader in the ITS market. This report deals with all the driving factors, restraints, and opportunities for the ITS market, which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of ITS a
  • New Mexico City airport 'the most advanced worldwide'
    February 13, 2015
    The new international airport being built in Mexico City is "probably the most advanced modern airport project worldwide," Dr Bernardo Lisker, international director of The Mitre Corporation, has said. "This is an enormously important project for Mexico, without which the nation's economy would suffer a bottleneck very soon," said Lisker, who will be discussing the technical vision of the airport at BNamericas' Mexico Infrastructure Summit taking place 18–19 February. "Building the new airport in the
  • Necessity is the mother of invention
    April 6, 2016
    The Netherlands aims to lead Europe, and the world, in the area of cooperative ITS and smart mobility. That’s not an aspiration – it’s a necessity as Frans op de Beek, principal advisor for traffic management and ITS within the Rijkswaterstaat, the Ministry for Infrastructure and the Environment, explains.