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407 ETR, M6 TOLL, Skyway, Dulles Greenway, M1, M4, M5, Warnow Tunnel Traffic October 2005 Vasco Da Gama, 25th April Bridge Traffic September 2005

08 November 2005

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

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

  • 407 ETR in Canada
  • M6 Toll in United Kingdom
  • Skyway in United States
  • Dulles Greenway in United States
  • Eastern Distributor (M1) in Australia
  • M4 in Australia
  • M5 in Australia
  • Warnow Tunnel in Germany
  • Vasco da Gama in Portugal (September)
  • 25 th April Bridge in Portugal ( September )

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

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

MIG currently owns:

  • 30% of the equity in 407 International Inc, the owner of the concession for the 407 ETR toll road in Toronto, Canada;
  • 100% of the equity in Midland Expressway Limited, the owner of the concession for the M6 Toll in Birmingham, U.K.;
  • 45% of the equity in Skyway Concession Company LLC, the owner of the concession for the Skyway in Chicago, U.S.;
  • 100% economic interest1 in TRIP II LP, the owner of the concession for the Dulles Greenway in Virginia, U.S.;
  • 71.35% of the equity in the Airport Motorway Group, the owner of the concession for the Eastern Distributor (M1) in Sydney, Australia;
  • 50.6% of the ordinary equity in Statewide Roads Limited, the owner of the concession for the M4 toll road in Sydney, Australia;
  • 50% of the equity in Interlink Roads Pty Limited, the owner of the concession for the M5 toll road in Sydney, Australia;
  • 70% of the equity in Warnowquerung GMBH & Co. KG, the owner of the concession for the Warnow River Crossing in Rostock, Germany; 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 that in all MIG locations, October 2005 had the same number of workdays as October 2004.

407 International Inc - 407 ETR

Table 1: 407ETR

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Vehicle Kms Travelled (m)

183.279

177.164

3.5%

172.721

163.277

5.8%

Average Workday Trips

365,592

357,359

2.3%

346,195

329,195

5.2%

Average Daily Trips

292,352

285,065

2.6%

284,012

270,926

4.8%

Midland Expressway Limited - M6 Toll

Table 2: M6 Toll

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Revenue

Ave. Daily Revenue (£)

140,494

130,558

7.6%

126,030

93,046

35.4%

Traffic

Workdays

50,027

52,887

(5.4%)

48,727

48,200

1.1%

Weekends/ Public Hols

38,246

44,686

(14.4%)

36,865

39,882

(7.6%)

All Days

46,227

50,242

(8.0%)

45,059

45,637

(1.3%)

Non-cash Transactions (All Days)

27%

17%

+10%

Skyway Concession Company LLC – Skyway

Table 3: Skyway

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Revenue

Ave. Daily Revenue ($US)

157,207

116,506

34.9%

142,403

114,622

24.2%

Traffic

Workdays

50,282

47,912

4.9%

48,104

48,457

(0.7%)

Weekends/ Public Hols

52,177

51,387

1.5%

49,795

49,623

0.3%

All Days

50,893

49,033

3.8%

48,627

48,820

(0.4%)

Non-cash Transactions

33%

NA

NA

TRIP II LP - Dulles Greenway

Table 4: Dulles Greenway

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Revenue

Ave. Daily Revenue ($US)

125,512

128,408

(2.3%)

125,619

109,305

14.9%

Traffic

Workdays

72,114

73,363

(1.7%)

71,761

70,710

1.5%

Weekends/ Public Hols

40,334

41,678

(3.2%)

38,507

37,675

2.2%

All Days

61,862

63,142

(2.0%)

61,698

60,746

1.6%

Non-cash Transactions

77%

75%

+2%

Airport Motorway Group - M1

Table 5: Eastern Distributor (M1)

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Revenue

Ave. Daily Revenue 1 ($A)

183,945

156,008

17.9%

162,576

152,850

6.4%

Traffic

Workdays

49,374

46,879

5.3%

47,329

45,043

5.1%

Weekends/ Public Hols

34,210

32,501

5.3%

32,837

31,743

3.4%

All Days

43,993

41,777

5.3%

42,800

40,900

4.6%

Non-cash Transactions

68%

59%

+9%

1. Please note that tolls only apply to northbound traffic.

Statewide Roads – M4

Table 6: M4

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Revenue

Ave. Daily Revenue ($A)

230,737

217,960

5.9%

226,465

217,393

4.2%

Traffic

Workdays

117,276

112,029

4.7%

114,033

109,725

3.9%

Weekends/ Public Hols

83,683

80,369

4.1%

82,566

79,707

3.6%

All Days

105,356

100,795

4.5%

104,199

100,375

3.8%

Non-cash Transactions

66%

61%

+5%

Interlink Roads - M5

Table 7: M5

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Revenue

           

Ave. Daily Revenue ($A)

342,446

330,283

3.7%

341,734

329,177

3.8%

Traffic

           

Workdays

114,883

111,757

2.8%

114,017

110,133

3.5%

Weekends/ Public Hols

89,223

86,761

2.8%

88,642

85,866

3.2%

All Days

105,778

102,887

2.8%

106,087

102,575

3.4%

Non-cash Transactions

73%

71%

+2%

Warnowquerung GMBH & Co - Warnow Tunnel

Table 8: Warnow Tunnel

Category
Oct 2005
Oct 2004
Oct 2005 % change on pcp
Jan-Oct 2005
Jan-Oct 2004
Jan-Oct 2005 % change on pcp

Traffic

All Days

9,481

8,218

15.4%

8,836

7,628

15.8%

Lusoponte - Vasco da Gama

Table 9: Vasco da Gama

Category
Sep 2005
Sep 2004
Sep 2005 % change on pcp
Jan-Sep 2005
Jan-Sep 2004
Jan-Sep 2005 % change on pcp

Traffic

           

All Days – Total Traffic

66,493

71,832

(7.4%)

66,039

67,729

(2.5%)

All Days - Northbound 1

32,027

34,804

(8.0%)

31,676

32,432

(2.3%)

1 Please note that tolls only apply to northbound traffic.

Lusoponte - 25th April Bridge

Table 10: 25th April Bridge

Category
Sep 2005
Sep 2004
Sep 2005 % change on pcp
Jan-Sep 2005
Jan-Sep 2004
Jan-Sep 2005 % change on pcp

Traffic

All Days – Total Traffic

159,694

159,858

(0.1%)

158,536

156,320

1.4%

All Days - Northbound 1

80,966

81,019

(0.1%)

80,194

79,373

1.0%

1. Please note that tolls only apply to northbound traffic.

Commentary:

Below are notable events which occurred during the month and prior corresponding period (pcp) which may have influenced traffic on MIG's roads.

407 ETR

In early September 2004, additional lanes were added to the C2 segment (Highway 401 to Highway 410) of 407 ETR. The additional capacity resulted in higher traffic growth on this segment being recorded between September 2004 and August 2005.

M6 Toll

Roadworks commenced on the M6, the major alternative route to the M6 Toll, on 8 October 2005. These roadworks have resulted in the M6 operating at reduced capacity and speed restrictions have been imposed. The roadworks involve the closure of one lane in the southbound direction between Junctions 10A and 11 and are expected to run for 12 weeks.

In October 2004, significant roadworks were active on the M6. These works resulted in the closure of one lane in both directions and reduced speed limits between Junctions 5 and 6. Lane closures also existed at Junction 8 until 10 October 2004. These roadworks resulted in the M6 operating at reduced capacity.

Skyway

Roadworks continue in the Skyway traffic corridor. Various roadworks are scheduled to be undertaken on the Skyway access ramps and alternative routes until the end of 2007.

Dulles Greenway

Traffic in October 2005 was negatively impacted by significant rainfall on the Columbus Day holiday weekend. The Washington D.C. area recorded 6.29 inches of rain, almost twice the long term average rainfall for the entire month of October of 3.37 inches.

Roadworks continue on the Dulles Greenway. The works began in June 2005 and are expected to continue until December 2008.

During the second half of 2004, roadworks were active on alternative routes, particularly Route 7 and Route 28, which resulted in reduced operating capacity of these roads.

Sydney Roads

On 1 October 2005, the car toll on the M1 was increased from $4.00 to $4.50 (inclusive of GST).

The Cross City Tunnel opened on 28 August 2005. From 24 October 2005 to 14 November 2005 the Cross City Tunnel is operating with a “toll free” period. The Cross City Tunnel has a one lane interconnection ramp to the M1.

Last year in October 2004, Sydney experienced heavy rainfall on eight consecutive days. The monthly total of 234mm was approximately three times the long term average for October.

1 - MIG's investment in Dulles Greenway consists of ownership of 13.3% of TRIP II, two subordinated loans against 86.7% of TRIP II LP, two long-dated call options to acquire an 86.7% interest in TRIP II LP and a 100% interest in the general partner (Shenandoah Greenway Corporation), which has day to day responsibility for the management and operation of the concession.

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


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


Investor Enquiries
Bianca Francis
Investor Relations Manager
Tel: 61 2 8232 5007
Email: bianca.francis@macquarie.com


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