OTIG Consortium Confirmed as Preferred Party to Evaluate Potential Road Projects in Oregon

20 October 2005

Macquarie Infrastructure Group (MIG) notes that the Oregon Transportation Commission today confirmed the selection of the Oregon Transportation Improvement Group (OTIG)¹  as the preferred party for the provision of pre-development services to the Oregon Department of Transportation (ODOT) for three potential road projects.

The precise terms of the pre-development services will be subject to negotiation but will involve MIG participating in project feasibility evaluations.  The evaluation process for the projects is expected to continue throughout 2006.

Mr Stephen Allen, Chief Executive Officer of MIG said, "OTIG is delighted to have been selected to work with ODOT in the early stage development of projects that will provide much needed congestion relief to the Oregon road network.  We look forward to working with ODOT over the next 18 months to fully scope the projects.

Projects include:

• Newberg-Dundee
  Construction of an alternative corridor (bypass) approximately 11 miles long, starting at the east end of Newberg and ending near Dayton at the junction with OR18.
• South I-205 Corridor Improvements
  Widening of the major north-south freight and commuter route in the Portland metropolitan region.
• The Sunrise Project
  Construction of a  new 4-lane, limited access roadway facility to SE172nd and additional transportation infrastructure to serve the newly incorporated city of Damascus.

1 Consortium members include: Macquarie Infrastructure Group, Macquarie Securities (USA) Inc, Macquarie Bank Limited.  OTIG is supported by Hatch Mott MacDonald who will act as technical advisor.

These materials do not constitute an offer of securities for sale in the United States, and the securities referred to in these materials have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration.

For further information contact:

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Head of Investor Relations
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Email: peter.johnston@macquarie.com

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Public Affairs Manager
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Bianca Francis
Investor Relations Manager
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Email: bianca.francis@macquarie.com