President Bush has
announced that he intends to appoint an official
with toll-road investor
Macquarie to be the general counsel of the
U.S. Department of Transportation.
David James Gribbin, IV,
of Virginia is currently the division director
for Macquarie Holdings, a Washington, DC,
company under the umbrella of the toll-road
investor Macquarie
Infrastructure Group of Australia.
Before that private
sector job, Gribbin
was chief counsel of the Federal Highway
Administration. Current Transportation Secretary
Mary Peters also worked at FHWA at that time.
Bush’s announcement
may draw anti-privatization sentiment from U.S.
senators during the confirmation process,
according to Toll Road News, because
Macquarie is one of
the principal investors in the controversial
Indiana Toll Road
lease and others. The confirmation schedule has
not yet been announced.
In June 2006,
Indiana Gov. Mitch Daniels, himself a former
Bush advisor, signed over control of the
157-mile Indiana Toll
Road to Macquarie
of Australia and Cintra
of Spain for 75 years. That transaction netted a
one-time payment of $3.85 billion for state
highways. Critics say the transaction will leave
the state strapped for highway cash in a few
short years while the private investors profit
from the tolls.
Gribbin said in an
e-mail correspondence with Toll Road News
that he credits Peters’ recent appointment to
DOT secretary as a factor in his nomination. He
also gave props to
Macquarie for being a leader in the U.S.
public-private partnership market for
infrastructure.
When Peters moved
into her new role as transportation secretary,
Gribbin left the
FHWA to do volunteer work in Costa Rica. He has
a law degree from Georgetown University.
Early in his career,
according to a DOT press release,
Gribbin was
director of public sector business development
with Koch Industries.
Macquarie’s U.S.
ventures, subsidiaries of Macquarie Bank of
Sydney, Australia, have 100 percent interest and
control in the South Bay Expressway in San
Diego; 100 percent in the Dulles Greenway toll
road in Virginia near Washington, DC; 50 percent
in the Indiana Toll
Road; 45 percent in the
Chicago Skyway in
Illinois; and 30 percent in the
407 Express Toll Route
in Ontario, Canada.