Macquarie Infrastructure Group (MIG) Announces Completion of Cintra Acquisition

16 January 2002

Macquarie Infrastructure Group (MIG) today announced that it has completed the acquisition of a 40% interest in Grupo Ferrovial's subsidiary Cintra Concesiones de Infraestructuras de Transporte (Cintra) at a cost of €816m.

Cintra has interests in 15 toll roads including a fully diluted 61% stake in the world's largest privatised toll road, Highway 407 in Toronto, Canada. Highway 407 has a 99 year concession and is the world's first fully electronic open access toll road. The other toll roads in which Cintra has an interest include 8 in Spain, 2 in Portugal and 4 in Chile.

MIG believes that the acquisition of Cintra will give the Group a substantial ownership interest in one of the best toll road assets in the world, Highway 407. In addition the strategic alliance of Cintra and MIG is expected to create a world force in toll road development and operation.

As a result of the finalisation of the Cintra deal, an updated MIG analyst package will be released to the market shortly.

For further information, please contact:

Dennis Eagar
Division Director
Macquarie Infrastructure Investment Management Limited
Tel: (02) 8232 6771
Mobile: 0414 345 176
Email: dennis.eagar@macquarie.com