(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