Australia signs infrastructure agreement with China

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Earlier today, the Australian and Chinese governments signed an historic Memorandum of Understanding to ‘strengthen cooperation on delivering infrastructure’.

The Minister for Infrastructure and Transport, Anthony Albanese, signed the MOU on Enhancing Cooperation in Infrastructure Construction with the Chinese Minister of Commerce, Mr Chen Deming, at Parliament House this morning.

This follows Mr Albanese’s official visit to China last December as the Australian Infrastructure Minister.

The MOU will mean ‘closer co-operation on planning of projects, exchanging information on investment opportunities and technical expertise, training and education, joint conferences, as well as joint infrastructure projects in the future’.

Mr Albanese said the MOU was about ‘creating more jobs, tapping more economic opportunities, and delivering better infrastructure’.

Both governments will now also establish a Working Group with membership from government departments and agencies, industry organisations and major financial and business partners to help implement the commitments outlined in the MOU.

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