LONDON, (Reuters) – Australian companies have pledged to invest 28.5 billion pounds (37.5 billion dollars) in British sectors like infrastructure. This was the British government’s announcement following a roundtable between Australia and Britain.

Boris Johnson (British Prime Minister) and Anne-Marie Trvelyan, International Trade Secretary, met Wednesday evening with 10 Australian senior executives to discuss opportunities and investments.

According to the government, these investments also include an OTC (offering of financial services company Macquarie Group) pledge that 12 billion pounds will be invested by 2030 in infrastructure projects, including offshore wind and gigabit broadband, as well as hydrogen hubs.

The statement stated that this included Macquarie’s Green Investment Group creating a UK-based offshore development business Corio. It will also develop two additional British offshore wind projects over the course of the next decade.

The other investments are 5.5 Billion pounds made by Lendlease, a real estate investment group and its associates over the next five year to provide low-carbon homes in major regeneration schemes in London and Birmingham.

IFM Investors plan to deliver 3 billion in investment over five years to maintain existing assets such as Stansted and East Midlands airports, and create a new net zero fund to support large-scale infrastructure energy transition projects.

AustralianSuper, a pension fund that manages the Australian Super Pension Fund, forecasted an additional 8 billion in UK investments over the next five-years.

AustralianSuper’s international investment head told Financial Times last month that the fund expects to double its UK assets, from 7 billion to over 15 billion in 2026.

Australia and Britain signed December a free trade agreement that will eventually increase bilateral trade to over 10 billion pounds.

The total goods and services trade between Australia and Britain was 14.5 billion Pounds in the 12 months to June 2021. Australia was ranked as Britain’s 21st largest trade partner, accounting for 1.2%.

($1 = 0.7601 pounds)