According to a report by Australian Financial Review, the concerned nations are looking to set up an alternative for China's Belt and Road Initiative.

The piece however said that the plan is still in its preliminary stage and nothing has been finalised as of yet to come up with an official announcement.

Beijing's ambitious project plans to connect Asia, Europe, the Middle East and Africa incorporating roads, ports, railway tracks, pipelines, airports, transnational electric grids and even fiber optic lines.

Meanwhile, Australian Foreign Minister Julie Bishop told Sky News on Monday, “There is an enormous need for infrastructure, particularly in our region.” 

Bishop added that members from all the four countries are keeping in touch pertaining to the issue.

According to an unnamed official, Australian Prime Minister Malcolm Turnbull, who is due to visit the United States later this week, is likely to take up the issue with US President Donald Trump.

Japan meanwhile has said that it plans to promote a 'Free and Open Indo-Pacific Strategy'.

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