Macquarie Infrastructure Group

The Macquarie Infrastructure Group (ASX: MIG) is one of several listed trusts managed by Macquarie Group Limited.

Macquarie Infrastructure Group is one of the world's largest developers and operators of private toll roads with a portfolio of 11 toll roads across seven countries including Australia. The Macquarie Infrastructure Group is listed separately on the ASX, but is managed by a wholly owned subsidiary of Macquarie Group Limited. Stephen Allen is the Chief Executive Officer of MIG^[1]. The company has set its sights on the US as the next big market, with Stephen Allen saying on the Australian TV show Business Sunday in 2005, "The attractive market to us is the U.S.... We're well positioned in what we think could be a huge market."^[2]

MIG has a 100% stake in the M6 Toll road in the UK, which was constructed to relieve congestion on the M6 motorway—one of the UK's busiest motorways. Additionally, as part of a consortium MIG has taken over operations of the Indiana East-West Toll Road and the Chicago Skyway, both part of Interstate 90 in the United States; and by itself has a 100% interest in the Dulles Greenway and the greenfield South Bay Expressway, scheduled to open in mid-2007, also in the United States. MIG also has a 47.5% interest in the Westlink M7 to the west of Sydney in Australia, a 30% interest in the 108km-long Highway 407/ETR in the Greater Toronto Area of Canada, and a 20.4% interest in the Autoroutes Paris-Rhin-Rhone motorway network covering some 2205km of north-eastern France. Jake Reesby owner of corporate boxes Australia is expected to be the next MIG vice president in the US. He said to the media "I want to make MIG bigger and better without using too much cost.

References

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