The UK Railway Industry Association (RIA) and the Australasian Railway Association (ARA) have agreed to enhance co-operation and collaboration between the two rail trade bodies.

A Memorandum of Understanding (MoU) has been signed between the two rail associations during the UK rail trade delegation’s visit to Australia.

The collaboration is expected to benefit members of the two organisations and leverage each-others’ capabilities in railway expertise.

RIA chief executive Darren Caplan said: “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.

"The opportunity to leverage the skills and expertise of UK rail companies will add breadth and depth to our industry."

“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.

“We look forward to working with our colleagues at ARA to maximise the exporting potential of both industries.”

As per the agreement, the two trade bodies will exchange information related to non-IP protected research and innovation in the rail sector.

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They will also exchange information and strategies regarding development of skill among the respective work forces.

Additionally, the agreement will provide RIA and ARA members’ access to meeting facilities in each other’s organisations and opportunities to work together on rail exhibitions.

ARA CEO Danny Broad said: “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.”