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Democrat Party Press Release on Toll Road Lease

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(The following is an unedited press release from the Indiana Democrat Party)

FOR IMMEDIATE RELEASE

February 22, 2007

Macquarie rakes in Indiana Toll Road profits Governor determined to sell off more assets

 

INDIANAPOLIS - Macquarie Infrastructure Group is banking on strong performance from the American assets it controls, including the Indiana Toll Road, to boost its earnings in the coming months, according to an Australian newspaper report.

MIG chief executive Stephen Allen said yesterday that "[The US] continues to emerge as the most interesting market for private toll-road operators and in the medium term, remains a place we will be able to generate returns for our security holders."

Among the assets MIG controls in the United States, the Indiana Toll Road is "the standout," according to the report.

Indiana Democratic Party Chair Dan Parker said it remains disappointing that Gov. Mitch Daniels' agenda to sell off Indiana continues to benefit private, out-of-state companies instead of average working Hoosiers.

Macquarie obtained a 75-year interest in the Indiana Toll Road during last year's legislative session; in exchange, Indiana received $3.8 billion, which is enough to fund 10 years worth of road construction.

"They bought our hidden gem, polished it up and put it in their crown of jewels," Parker said. "In exchange, we got a decade of gold and 65 years of pyrite."

Parker said the Governor is continuing his push to help out-of-state companies profit this session by proposing two new private toll roads -one in Central Indiana and one in Northwest Indiana. He also has proposed leasing the Hoosier Lottery, one of the state's most profitable assets, to a private company.

"The people have told him time and again to stop selling off our state, but he just can't help himself," Parker said. "He's not listening to anyone but himself and the out-of-state folks who are making big bucks off these deals."

 

On the Web:

http://www.smh.com.au/news/business/mig-banks-on-america-to-sustain-grow

th/2007/02/22/1171733949454.html

 

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