- The leaders of Australia and Japan, Tony Abbott and Shinzo Abe, are working together on an ambitious $114 billion high-speed rail project connecting Brisbane to Melbourne. - The project would involve constructing a bullet train system like Japan's famous Shinkansen train, which Abe touted as a potential great economic and social benefit at its 50th anniversary celebration. - Abbott and Abe will attend summits in November to further discuss funding and implications of the proposed high-speed rail line, which could be privately financed and bring Australia recognition as an advanced transportation leader.