The State Government of Victoria in Australia is set to appoint a financial adviser to review the potential privatization of VicRoads, the state statutory corporation that oversees the road and traffic maintenance, driver licensing and vehicle registrations.

Morgan Stanley is the emerging company that is likely to be appointed to the position. The deal could potentially represent up to AUD1 billion (US$685.27 million) investment. The state has already had the help of KPMG in structuring some of the preparatory works. 

In 2016, Morgan Stanley was engaged with the State in structuring the financing of the Port of Melbourne.