The federal government will inject $6 million over the next four years into a new Sydney transport and logistics hub designed to drive productivity through technology innovation.
National ICT Australia (NICTA) and the Australasian Railway Association (ARA) will lead a consortium of 41 organisations including the Australian National University and Linfox.
NICTA estimates that the transport and storage services sectors are responsible for generating 14.5 per cent of GDP, employing a combined one million Australians across 165,000 businesses.
- NICTA launches $12 million big data project
- NICTA and Infosys sign ICT research collaboration deal
- NICTA Living Lab to drive better transport through IT
Victorian Transport Association executive director Philip Lovel said that the opportunities to improve productivity of the freight and logistics industry are immense.
“With smart technology and collaboration, we could reduce our fuel emissions by 50 per cent. Things like driver training, correct tyre pressures and traffic light optimisation can deliver enormous benefits,” he said in a statement.
The scheme is part of a federal government plan for Sydney, which aims to make the city a centre for advanced technology manufacturing and the development of future industries.
NICTA also operates the Future Logistics Living Lab in Sydney where logistics and research organisations, universities and IT providers work on technology innovations.
Follow Hamish Barwick on Twitter: @HamishBarwick