Infrastructure Secretary Keith Brown signed the deal with Transport for the North's (TfN) board member Nick Forbes yesterday, 17 February, at the Improving Connectivity conference in Newcastle.
The deal will give Scotland a say in the Northern Transport Strategy currently being designed by the TfN Partnership to inform Westminster's 'Northern Powerhouse' plans.
Scotland has already invested in a number of major transport projects, including the Queensferry Crossing, the Aberdeen Western Peripheral Route and the Borders Railway.
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Infrastructure Secretary Keith Brown said: "Alongside these projects, extending a high speed rail link to Scotland will ensure that businesses in Scotland and the north of England are able to compete and grow, as well as boosting vital supply chain economies.
"We recognise the strong connection we have with our neighbours in the north of England and that there are important flows of labour and goods across the border.
"Investment on one side of that border can affect economic outcomes on the other, and we can maximise the return on investment by sharing views, aspirations and plans."
Councillor Nick Forbes added: "In the North of England we are determined to take charge of our own transport needs and ensure investment is directed to create more and better jobs.
"Transport for the North gives for the first time our businesses and communities a say in how our roads, railways and other transport links are developed for the future.
"From offshore engineering to tourism the North of England and Scotland are joined together in a way that brings great opportunities for growth. This Memorandum of Understanding shows how we will both do all we can to ensure the travelling public and businesses see the benefits of co-operation for years to come."
(LM/JP)
