Foreign toll road company wants bigger piece of the U.S.

| 3/30/2006

One of the big foreign firms with a stake in the privatization of U.S. toll roads has found a gold mine, according to a recent report in the Wall Street Journal.

That gold mine is the U.S. itself.

The Macquarie Infrastructure Group of Australia is going so far as to sell or freeze assets in other countries to focus more on U.S. acquisitions, the Journal reported.

Macquarie might sound familiar because it is the company that has partnered with Spanish-owned Cintra to lease the Indiana Toll Road, the Chicago Skyway and a few others piece of U.S. infrastructure. Cintra’s full name is Cintra Concessiones de Infraestructuras de Transporte, S.A.

Company officials have realized the profit potential of U.S. investments, Macquarie CEO Stephen Allen told the Journal.

“The biggest potential growth market is the U.S. and to a lesser extent, Europe,” Allen said.

Macquarie Infrastructure Group is a subsidiary of Macquarie Bank, which also has offshoots in the film industry, media and utilities.