Victoria sets to appoint financial adviser for the VicRoads privatization
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.
Country updates
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October 24, 2019
Mitsubishi Corp sells Australian iron ore and rail project to Sinosteel
Mitsubishi Corp has handed over the full ownership of an iron ore expansion and rail and port infrastructure project in Western Australia to China’s state-owned Sinosteel. The project includes&...
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October 23, 2019
AMP Capital Infrastructure Debt Fund IV reaches final close
AMP Capital has announced a record US$6.2 billion fundraise for its fourth infrastructure debt strategy, which includes the final close of the AMP Capital Infrastructure Debt Fund IV (IDF IV), co-inve...
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October 21, 2019
Shortlist for AUD 1.5 billion hospital project in Australia
The Minister for Health in Australia has announced three shortlisted teams for the development of AUD 1.5 billion (USD 1.02 billion) Footscray Hospital PPP project in Melbourne.
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October 21, 2019
AGL Energy Limited (AGL) to acquire 100% stake in Southern Phone Company
AGL Energy Limited (AGL) announced that it has entered into a conditional agreement offering to acquire 100% stake of Southern Phone Company Limited (SPC), one of Australia’s largest regional te...
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October 09, 2019
SeaLink inks agreement for Transit Systems Group acquisition
SeaLink Travel Group Limited has entered into binding agreements to acquire 100% of Transit Systems Pty Ltd, Tower Transit Group Ltd and their broader group of entities, Australia’s largest...
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