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Future Freight Networks : Yearbook 2012
Positioning Australia in the Global Supply Chain FACILITATED CEO PLENArY SESSION Session chair, phil ruthven, opened the session by discussing how china will likely become the world’s biggest single economy by the middle of the decade – much faster than anticipated because of economic woes in the united States. india will leapfrog Japan in the coming years, too, as the region’s economy grows at about six per cent – twice the rate of the rest of the world. ‘We’re looking at a seismic shift in the international pecking order,’ mr ruthven says. ‘the biggest challenge is to our mining industry, which has been going backwards at about 13 per cent per annum in productivity. all that investment may pay off over the next five years,’ mr ruthven says. ‘the question is: How quickly can our freight task adapt to these regional shifts?’ mr ruthven says. mr ruthven opened the floor to the next panellists, who included mike mrdak, ceo of the Department of infrastructure and transport, John Fullerton, chief executive for australian rail track corporation, paul Larsen, chief executive officer for Brookfield rail, ken Lewsey, executive vice president for Strategy and Business Development for Qr national, Stephen cleary, chief executive of Startrack, and Brian kruger, managing Director toll group. mr mrdak began by spelling out key points that inform his department’s thinking. First was ensuring the existing infrastructure satisfies growth aspirations for the country. that means identifying what the country is selling and where, as well as striking a balance of infrastructure that can accommodate manu- facturing and resources. He said the sector needed to be clear on financing and funding infrastructure. the sector can explore a better mix between public and private funding where the user pays for assets, mr mrdak said. ‘We need to be more sophisticated when it comes to discussing user-pays,’ he said. mr mrdak also stressed the importance of protecting existing infrastructure such as port Botany. Session Chair, Phil ruthven rissb.com.au Search A unified approach to rail industry practices ABN: 58 105 001 465 The Rail Industry Safety and Standards Board (RISSB) develops and manages rail industry standards, rules, codes of practice and guidelines on behalf of the Australasian rail industry. Our vision is to engage the Rail Industry and Government to achieve industry-wide harmonisation. Call us on 02 6270 4523 or visit our website for more details. • Harmonising Rail Industry Practices, • Developing Standards, Codes, Rules and Guidelines, • Pursuing Interoperability, • Promoting Common Technologies, and • Promoting the adoption of RISSB Products. 320895A_Rail Industry Safety | 1796.indd 1 20/04/12 11:22 AM 39 FUTURE FREIGHT NETWORKS 2012