The first half of the year was not kind to the company that operates or co-operates U.S. toll roads, including the Indiana Toll Road, Chicago Skyway and Dulles Greenway. Macquarie Atlas Roads, formerly the Macquarie Infrastructure Group, based in Australia, lost $77 million according to a financial report released Thursday, Aug. 30.
Traffic counts on Macquarie-operated roads dropped 1.9 percent during the six months leading up to June 30 according to the statement.
Macquarie managed to offset what could have been a bigger loss by increasing tolls. A recent toll increase on the Dulles Greenway helped boost the company’s revenue stream by 1.4 percent for the period. Tolls on the Chicago Skyway and Indiana Toll Road are indexed to inflation.
The company also operates toll facilities in England and Germany. Macquarie no longer has a stake in the 407 Express Toll Route in the Toronto, Canada, region.
“(Macquarie’s) portfolio of toll roads has continued to generate positive revenue … despite difficult economic conditions in Europe and the U.S.,” company CEO Peter Trent said in a statement.