The Federal Government wants to prepare for the arrival of automated vehicles and other innovations in transportation by opening an Office of Future Transport Technologies.

For a $9.7 Million investment, the new office will focus on improving transport and road safety outcomes while developing automated vehicle technologies.

"The Australian future transport and mobility industry is expected generate more than $16 Billion in revenue by 2025," said Deputy Prime Minister Michael McCormack, who is also Minister for Infrastructure, Transport and Regional Development.  "While representing an emerging business opportunity for the national economy, these technologies also have great potential to reduce the $27 Billion cost of road crashes in Australia each year.

McCormack the office will ensure the new technologies are deployed in a manner as to improve safety, productivity, accessibility, and liveability for Australians in both rural and urban areas.

"The establishment of an Office of Future Transport Technologies within my Department will enable the Australian Government to work with industry and State and Territory Governments to ensure Australia is ready for the challenges and opportunities ahead," he added.