Macquarie Infrastructure bids for Mexico
toll roads
Jul 18, 2007
by Victoria Thieberger, Reuters
SYDNEY, July 19 - Australia's
Macquarie
Infrastructure Group (MIG.AX) said on
Thursday it had teamed up with Mexican
billionaire Carlos Slim for a joint bid
to lease a package of four toll roads in
Mexico.
The roads are to be leased from
Fideicomiso de Apoyo al Rescate de
Autopistas Concesionadas, a trust fund
owned by the Mexican government.
Slim, the world's third richest man,
told Reuters in March his infrastructure
firm IDEAL, Impulsora del Desarollo de
America Latina, was interested in
bidding in tenders for the highway
concessions.
Macquarie Infrastructure said the bid
is structured as a 60:40 partnership
between IDEAL and
MIG, and a preferred
bidder is expected to be announced in
early August. Mexico's government has
said it expects to receive close to $25
billion from selling highway
concessions. It will hand out 30-year
concessions to build and operate close
to 1,500 km (900 miles) of highways.
Four concessions will be auctioned
this year.
The Australian Financial Review has
reported the concessions have also
attracted interest from Goldman Sachs,
Spanish infrastructure company Abertis
(ABE.BC), and Portuguese company Brisa
(BRI.LS).
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