Morgan Stanley Infrastructure Partners Acquires 49% Stake in Onslow Iron Road Trust

June 6, 2024

Morgan Stanley Infrastructure Partners (through funds managed by Morgan Stanley Investment Management) agreed to acquire a 49% stake in Onslow Iron Road Trust, with Mineral Resources Limited retaining a 51% majority interest. The Road Trust owns a ~150-kilometer private haul road linking the Onslow Iron project to Ashburton Port in the Pilbara, an asset expected to support ramp-up to 35 Mtpa of iron ore and provide an inflation‑protected cash yield.

Buyers
Morgan Stanley Infrastructure Partners (MSIP), Morgan Stanley Investment Management (MSIM)
Targets
Onslow Iron Road Trust
Sellers
Mineral Resources Limited
Industry
Infrastructure
Location
Western Australia, Australia
Transaction Type
Recapitalization

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