Morgan Stanley Infrastructure invests in Australia haulage road project
Morgan Stanley Infrastructure Partners (MSIP) has acquired a 49% interest in a private haulage road project in Western Australia for about AU$1.3 billion (US$ 865 million) from listed mining group Mineral Resources (MinRes).
MinRes is finalizing the construction of the 150 km dual-lane Onslow Haul Road, designed to unlock stranded iron ore deposits in Western Australia's West Pilbara region. Scheduled for completion in the latter half of this year, the road connects the Ken’s Bore mine site to the Port of Ashburton. It will be fully sealed, fenced, and equipped with fiber optic cabling to support the operation of MinRes's autonomous road trains. MinRes will retain majority ownership of the road, holding exclusive rights to its use, operation, and maintenance.
Country updates
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May 31, 2024
White & Case advises on divestment of three social infrastructure PPP projects in Australia
Global law firm White & Case LLP has advised Aberdeen Global Infrastructure Partners Fund II (abrdn) and Macquarie Capital's Infrastructure and Energy Capital division (Macquarie Capital) on the l...
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May 13, 2024
Global Private Assets Fund reached US$4 billion in AUM
Private markets investment management firm Hamilton Lane has announced that its Global Private Assets Fund (GPA) has reached approximately US$4B in AUM and has built a five-year track record...
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May 09, 2024
Plenary Group confirms interest in funding Macquarie Point AFL stadium
Private capital firm Plenary Group has confirmed interest in partnering with the Tasmanian government to deliver the proposed Macquarie Point AFL stadium in Tasmania, Australia. The governm...
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April 25, 2024
Agreement signed to acquire 49% interest in Plenary by ADQ
Plenary has agreed with Abu Dhabi-based investment and holding company ADQ for ADQ to acquire a 49% interest in Plenary. Plenary and ADQ will establish a collaborative development and inves...
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April 16, 2024
Contractor selected for redevelopment of Hospital PPP project in Australia
The NSW Government has selected CPB Contractors to deliver the design, early works and delivery phases for the redevelopment of the Royal Prince Alfred (RPA) Hospital at Camperdown in S...
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