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Announced

Completed

Morgan Stanley Infrastructure Partners completed the acquisition of a 49% stake in Onslow Iron Road Trust.

Synopsis

Morgan Stanley Infrastructure Partners, an infrastructure investor, completed the acquisition of a 49% stake in Onslow Iron Road Trust, the owner of an approximately 150-kilometer private haul road from the Onslow Iron ore project to Ashburton Port in the northwest Pilbara region of Western Australia. Financial terms were not disclosed. “We are pleased to partner with Mineral Resources as part of the Onslow Iron project and value its long-term track record of project execution. We are proud to be co-stewards of an asset we believe will deliver an attractive, inflation-protected cash yield, backed by significant barriers to entry and attractive underlying economics,” Tim Cooper, MSIP Managing Director.

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