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Chicago Skyway Concession and Lease Agreement Signed

28 October 2004

Not for distribution in the United States, Canada or Japan.

Macquarie Infrastructure Group (MIG) and Cintra Concesiones de Infraestructuras de Transporte (Cintra) today signed the Chicago Skyway Concession and Lease Agreement for the 99 year lease of the Chicago Skyway (the Skyway) with the City of Chicago.

The City of Chicago approved the sale of the Skyway to the MIG-Cintra consortium for US$1.83bn (A$2.46bn). As agreed with the City this amount has been adjusted for movement in the 10 year Treasury note yield from 12 October 2004.1

MIG and Cintra now have 90 days to reach financial close at which time details of the financial structure will be finalised.

Mr Stephen Allen, Chief Executive Officer of MIG said: “The signing of the Concession agreement marks the beginning of our long term relationship with the City of Chicago and road users.  We are delighted to have been given the opportunity to provide much needed high quality infrastructure to Chicago as the road network becomes increasingly congested.

MIG now has investments in two major roads in the United States (Skyway and greenfields project SR125 South in San Diego).  MIG will continue to look for opportunities to expand its investments in the United States; this is an integral part of our strategy to develop our portfolio of roads worldwide,” Mr Allen said.

1 Since bid date this yield has fallen by 10 bps. The expected equity return to be achieved by the Consortium has not been negatively impacted by this change.  The expected equity return is based on certain assumptions which, if not achieved, may affect the return.

NOTICE
This document is not an offering of securities or a request for the acquisition of securities in the United States. The shares (the “Shares”) of Cintra Concesiones de Infraestructuras de Transporte, S.A. (“Cintra”) cannot be offered or sold in the United States either for, or on behalf of, or to benefit persons in the United States (as defined in Regulation S of the US Securities Act 1933 ("US Securities Act 1933"), unless those Shares are registered in accordance with the US Securities Act 1933 or are exempt from registration. The Shares have not been and will not be registered in accordance with the US Securities Act 1933. This document or any copy of it may not be taken or sent to the US, Canada or Japan and may not be distributed, either directly or indirectly, in the US, Canada or Japan or to any resident of these countries.

For further information, please contact:

Investor Enquiries
Bianca Francis
Investor Relations Manager
Tel: 61 2 8232 5007
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


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