Producers Michael Robertson of Australia's ProdigyMovies and Paul Cowan and Chris Wheeldon of the UK's TFD will again work together on Road Train.
The supernatural thriller will mark the debut of director Dean Francis, working from a script by Clive Hopkins.
Prodigy and TFD also worked together on crocodile horror hit Black Water.
Road Trainwill start shooting in September in Australia.
The story follows four young friends in the Australian outback who are pursued by a 'driverless' monster truck.
The UK/Australian project is backed by the Australian Film Commission's IndiVision Production Fund, which supports first-time feature directors.
TFD's Chris Wheeldon said: 'Paul and I are really excited about Road Train and the chance to work once again with Michael Robertson who is one of Australia's most innovative feature producers'.
AV Pictures, which spearheaded Black Water sales to more than 40 territories, will again handle international sales on Road Train.