The Australasian Railway Association and the UK’s Railway Industry Association have agreed to work more closely together to benefit rail supply industries in both companies.
The ARA and RIA announced their new Memorandum of Understanding at InnoTrans in Berlin on September 19.
Together, the associations represent roughly 360 members. The sides said they share many common interests and deliver common services in their markets, which face similar opportunities and challenges.
“Both the UK and Australian rail sectors are expected to see continued significant investment in rail, but face issues recruiting new entrants into the rail industry, upskilling those already in the sector, smoothing out rail funding pipelines, and promoting the benefits of rail as a key driver of economic growth,” the associations said in a joint statement.
Chief executive Danny Broad said the new allegiance would provide benefits to all members of the ARA.
“It’s an extremely exciting time to be in the rail industry in Australia and New Zealand with investment in new rail infrastructure and rollingstock over the next fifteen years forecast to be around $100 billion,” Broad said.
“Working and collaborating with the RIA on common industry challenges will provide consolidation of ideas for possible suitable outcomes for the rail sectors covered by both the ARA and RIA.”
RIA chief executive Darren Caplan said the partnership would help members develop new trade links and cooperation, “which is especially important as the UK prepares to leave the EU”.
“I see lots of common ground to form this working relationship, for the benefit of both RIA, ARA and our respective members – and we look forward to collaborating in the very near future!”