Mitsubishi has also unveiled a new partnership with constructor CIMIC (formerly Leighton) which began in bidding for the $800m Canberra light rail project and could be replicated for future projects.
“We are keenly interested in the Victorian High Capacity Metro Train Project and various upcoming NSW rail projects,” Mitsubishi’s local CEO Mike Takada said.
“The landmark JAEPA (JAFTA) has created an environment conducive to such partnerships by making it easier for Japanese firms to invest in Australia and promoting more competitive Australian goods and services into Japan,” he said.
“Relations between our two countries are at their strongest ever. Australia and Japan are both on the doorstep of the world’s fastest-growing economies.
“Through collaborations such as these we can offer competitive and innovative solutions to public infrastructure projects through a world-leading PPP model into Asia.”
Mr Takada said the PPP model could be exported to Japan, but also deployed in rapidly growing Southeast Asia and beyond.
Global chairman Yorihiko Kojima said the bilateral relationship was “absolutely critical to the stability and economic wellbeing of the Asia Pacific region” and would deepen with the implementation of the FTA.
“The JAEPA will play a major role in further strengthening and deepening an already strong bilateral relationship by facilitating various types of technical and commercial collaboration, including making it easier for the Japanese and Australian business communities to forge strategic partnerships,” he said.
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