From the Experts
Australasian and UK rail industries sign ground-breaking partnership
The UK and Australasian rail trade bodies have signed a Memorandum of Understanding that will lead to greater co-operation and collaboration between the two industries.
The UK Railway Industry Association (RIA) and the Australasian Railway Association (ARA) announced the partnership at a reception hosted by the British Consul-General in Australia, as part of a UK rail trade delegation visit.
The partnership will see the two associations work more closely together, benefiting both organisations' memberships and helping to boost each country’s export potential in rail.
Baroness Fairhead, UK Minister of State for Trade and Export Promotion:
“This agreement between RIA and ARA will further strengthen our trading relationship with Australia so that we can work together more closely on the delivery of ambitious rail infrastructure programmes. We very much look forward to the enhanced co-operation that this new agreement with Australia can bring.”
Darren Caplan, Chief Executive of the UK Railway Industry Association:
“We are delighted to support this partnership between the UK and Australasian rail industries, which will see the exchange of knowledge and expertise across the two countries. In the UK, rail exports £800m a year and will play a vital role in achieving the UK Government’s aim of increasing exports to 35% of GDP, as we exit the EU.”
The Hon Michael McCormack, Australian Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development:
“Australia and the UK have long been partners in many aspects of our economies and our communities. I know Australia’s regions have many exports – particularly our world-leading food and fibre – which the UK is looking to import and rail is a vital part of the mix to get that premium produce from paddock to port to plate.”
Danny Broad, Chief Executive Officer of the Australasian Railway Association:
“This partnership is of immense value to our industry. We are undergoing a renaissance in rail in Australia, with major new rail projects in our capital cities and regions over the next decade. The opportunity to leverage the skills and expertise of UK rail companies will add breadth and depth to our industry, and give Australian businesses valuable insights and partnerships.”