407ETR, M6 TOLL, M1, M4, M5, Warnow Tunnel Traffic June 2004, Ausol I, Ausol II, Autema, Vasco da Gama, 25TH April Bridge Traffic May 2004

06 July 2004

Macquarie Infrastructure Group (MIG), today announced details of traffic use for:

• 407ETR in Canada
• M6 Toll in United Kingdom
• Eastern Distributor (M1) in Australia
• M4 in Australia
• M5 in Australia
• Warnow Tunnel in Germany
• Ausol I in Spain (May)
• Ausol II in Spain (May)
• Autema in Spain (May)
• Vasco da Gama in Portugal (May)
• 25th April Bridge in Portugal (May)

Due to restrictions imposed by a number of legal agreements dealing with the 407ETR, only monthly statistics on Average Workday Traffic, Average Daily Traffic and Total Vehicle Kilometres Travelled can be released. More detailed statistics on the 407ETR are released quarterly.

Similarly, traffic data for Warnow Tunnel, Vasco da Gama and 25th April Bridge is restricted to Average Daily Traffic (ADT) for the month and traffic data for Ausol I, Ausol II and Autema is restricted to Equivalent Average Daily Traffic (EADT) for the month.

EADT is calculated by adjusting the Average Daily Traffic (ADT) data for the length of each trip (relative to the length of the entire road) and the tolling class of each vehicle (relative to the toll charged for a light vehicle).

MIG currently owns:

• Both directly and indirectly (through its holding in Spanish company, Cintra) 43.0% of the equity in 407 International Inc, the owner of the concession for the 407ETR toll road in Toronto;
• 75% of the equity (with options to move to 100% in 2005) in Midland Expressway Limited, the owner of the concession for the M6 Toll in Birmingham;
• 71.35% of the equity in the Airport Motorway Group, the owner of the concession for the Eastern Distributor (M1) in Sydney;
• 50.6% of Statewide Roads Limited, the owner of the concession for the M4 toll road in Sydney;
• 50% of Interlink Roads Pty Limited, the owner of the concession for the M5 toll road in Sydney;
• 70.0% of the equity in Warnowquerung GMBH & Co. KG, the owner of the concession for the Warnow River Crossing in Rostock, Germany;
• 31.3% indirectly of Ausol I on the Costa del Sol in Spain (through its holding in Spanish company, Cintra);
• 31.3% indirectly of Ausol II on the Costa del Sol in Spain (through its holding in Spanish company, Cintra);
• 31.0% indirectly of Autema in north eastern Spain (through its holding in Spanish company, Cintra); and
• 30.6% of the equity in Lusoponte, the owner of the concession for the Vasco da Gama & 25th April Bridges in Lisbon, Portugal.
  

Please note there was one more workday in June 2004 compared to June 2003.

407 International Inc - 407ETR

Table 1: 407ETR

Please note traffic for June 2004 was higher partly due to the timing of the Canada Day holiday (1 July). In 2003 Canada Day fell on a Tuesday, resulting in lower traffic for the last three days of the month due to people extending their weekend. This year Canada Day fell on a Thursday, resulting in lower traffic for the first four days of July. Accordingly, a portion of the growth in June 2004 will be reversed in July 2004.

Total Vehicle Kilometres Travelled on the 407ETR during June 2004 was 10.1% higher than June 2003.

The average number of workday trips on the 407ETR during June 2004 was 7.9% higher than June 2003.

The average daily trips on the 407ETR during June 2004 was 9.9% higher than June 2003.

Midland Expressway Limited - M6 Toll

Table 2: Average Daily Traffic - M6 Toll

Please note there was three extra work days and four less weekend days/public holidays in June 2004 compared to May 2004 in the UK.

Average daily traffic on the M6 Toll for June 2004 was 47,986, an increase of 12.0% compared with the previous month.

Average workday traffic on the M6 Toll for June 2004 was 50,414, an increase of 7.4% compared with the previous month.

Average weekend and public holiday traffic on the M6 Toll for June 2004 was 41,311, an increase of 13.4% compared with the previous month.

Traffic varied during the period from a low of 34,213 to a high of 63,045.

Airport Motorway Group - M1

Table 3: Average Daily Traffic - Eastern Distributor (M1)

Average daily toll revenue (net of GST) for Airport Motorway in June 2004 was $151,235 - a 9.3% increase relative to June 2003.

Average daily traffic on the Eastern Distributor (M1) for June 2004 was 8.8% higher than June 2003.

Average workday traffic on the Eastern Distributor (M1) for June 2004 was 8.0% higher than June 2003.

Average traffic on weekends and public holidays on the Eastern Distributor (M1) for June 2004 was 6.0% higher than June 2003.

Non-cash transactions on the Eastern Distributor (M1) consisted of 58% of average daily traffic in June 2004 (May 2004: 57%).

Statewide Roads – M4

Table 4: Average Daily Traffic - M4

Average daily toll revenue (net of GST) for Statewide Roads in June 2004 was $210,487 - a 4.2% increase relative to June 2003.

Average daily traffic on the M4 for June 2004 was 3.8% higher than June 2003.

Average workday traffic on the M4 for June 2004 was 3.4% higher than June 2003.

Average traffic on weekends and public holidays on the M4 for June 2004 was 1.1% higher than June 2003.

Non-cash transactions on the M4 in June 2004 consisted of 61% of average daily traffic (May 2004: 60%).

Interlink Roads - M5

Table 5: Average Daily Traffic - M5

Average daily toll revenue (net of GST) for Interlink Roads in June 2004 was $323,068 - a 10.5% increase relative to June 2003.

Average daily traffic on the M5 for June 2004 was 9.6% higher than June 2003.

Average workday traffic on the M5 for June 2004 was 9.0% higher than June 2003.

Average traffic on weekends and public holidays on the M5 for June 2004 was 7.8% higher than June 2003.

Non-cash transactions on the M5 in June 2004 consisted of 72% of average daily traffic (May 2004: 71%).

Warnowquerung GMBH & Co - Warnow Tunnel

Table 6: Average Daily Traffic - Warnow Tunnel

Average daily traffic on the Warnow Tunnel for June 2004 was 7,878, an increase of 0.1% compared with the previous month.

Please note that the tollss for cash payments wereere increased by 25% on 15 June on Warnow Tunnel. on 15 June by 25% for cash payments.

Cintra - Ausol I

Table 7: Equivalent Average Daily Traffic - Ausol I

Equivalent average daily traffic on Ausol I for May 2004 was 4.2% higher than May 2003.

Cintra - Ausol II

Table 8: Equivalent Average Daily Traffic - Ausol II

Equivalent average daily traffic on Ausol II for May 2004 was 8.9% higher than May 2003.

Cintra - Autema

Table 9: Equivalent Average Daily Traffic - Autema

Equivalent average daily traffic on Autema for May 2004 was 12.1% higher than May 2003.

Lusoponte - Vasco da Gama

Table 10: Average Daily Traffic - Vasco da Gama

¹ Please note that tolls only apply to northbound traffic.

Average daily total traffic on Vasco da Gama for May 2004 was 4.3% higher than May 2003.

Average daily northbound traffic on Vasco da Gama for May 2004 was 3.9% higher than May 2003.

Lusoponte - 25th April Bridge

Table 11: Average Daily Traffic - 25th April Bridge

¹ Please note that tolls only apply to northbound traffic.

Average daily total traffic on 25th April Bridge for May 2004 was 0.7% higher than May 2003.

Average daily northbound traffic on 25th April Bridge for May 2004 was 1.2% lower than May 2003.

For further information contact:

Bianca Francis
Investor Relations Manager
Mobile: (61) 413 279 523
Email: bianca.francis@macquarie.com

Media Enquiries
Jane Rotsey
Public Affairs Manager
Mobile: (61) 401 997 160
Email: jane.rotsey@macquarie.com

Investor Enquiries
Peter Johnston
Head of Investor Relations
Mobile: (61) 413 994055
Email: peter.johnston@macquarie.com