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AAP
AAP
Politics
Tara Cosoleto

VicRoads partially privatised for $7.9b

VicRoads Tim Pallas
Treasurer Tim Pallas says Victoria will garner $7.9 billion from a 40 year deal on VicRoads. (AAP)

VicRoads will be partly privatised for a period in a bid to generate $7.9 billion for the state.

A consortium of Aware Super, Australian Retirement Trust and Macquarie Asset Management will run licensing and registration for the next 40 years, while the state government maintains ownership of the service.

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