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.