Macquarie Infrastructure Group (MIG)

Shares / Stock Code

MIG

Stock Exchange / Sharemarket

Australian Securities Exchange

Macquarie Infrastructure Group (MIG) is one of the world’s leading developers and operators of toll road. MIG’s toll road business focuses on the toll roads construction and operation. It is also engaged in the entity investment in industries of the same sector. Moreover, it manages portfolios of 11 toll roads in Australia, USA, France, Germany, UK and Portugal. MIG was listed on the Australian Stock Exchange on the 16th of December 1996. Its average annual revenue reaches a total of AUD$1 million. Its headquarters is located in Sydney, Australia. The Macquarie Infrastructure Group is comprised of three entities: The Macquarie Infrastructure Trust I (MIT I), The Macquarie Infrastructure Trust II (MIT II) and The Macquarie Group International Limited (MIGIL).

As of 2006, the assets portfolio maintained by Macquarie Infrastructure Group are divided into 28% of the 407 ETR, 26% of M6 Toll, 9% of the Dulles Greenway, 7% of the Eastern Distributor, 6% of the Westlink M7, 6% of the M5 Motorway, 5% of the APRR, 5% of the Indiana Toll Road, 4% of the Chicago Skyway and 4% for others. However, on the 1st of August, MIG transferred its interests in the M5 South-West Motorway, M4 Motorway and the Eastern Distributor to the Sydney Roads Group.

Macquarie Infrastructure Group Company History

Because Macquarie Infrastructure Group (MIG) serves as an Infrastructure Trust in Australia, it was qualified to be listed and included on the ASX or Australian Stock Exchange in 1996.

In 1997, the company invested in the Airport Motorway Group. The company was then recognized by the Sydney’s Eastern Distributor. In 1999, the company started to expand outside Australia by acquiring the French construction company named Bouygues to give renovation and development to the toll road located in North German, the city of Rostock. After acquiring two assets owned by Norwegian Company Kvaerner, the company changed its name to Macquarie Infrastructure Group formerly known as Infrastructure Trust of Australia Group.

Midland Expressway was completely owned by the company in 2000. The company also controlled the Airport Motorway Group and Sydney’s M4 toll-road.

The company with the Grupo Ferrovial agreed to take on a listing of constructions owned by Cintra Company. In October 2004, Cintra and the company had a joint venture and agreed with the City of Chicago to operate the Chicago Skyway.

In 2005, a corporate reform program was completed by the company. As part of the reform, MIBL, a Bermuda mutual fund business company was incorporated.

Macquarie Infrastructure Group (MIG) Products and Services

  • Investments in bridges
  • Investments in toll roads
  • Investment in tunnels

Macquarie Infrastructure Group Competitors

  • Allco Finance Group Limited
  • Australian Infrastructure Fund
  • Australian United Investment Company Limited
  • Autostrada Torino-Milano
  • Bangkok Expressway PCL
  • Brisa Auto Estradas de Portugal SA
  • Carlton Investments Limited
  • Century Australia Investments Limited
  • Companhia de Concessoes Rodoviarias
  • Diversified United Investment Limited
  • ING Industrial Fund
  • Investa Property Group
  • Macquarie ProLogis Trust
  • Plus Expressways Berhad
  • Shandong Expressway Company Limited
  • Societa Iniziative Autostradali e Servi
  • Transurban Group
  • Wallace Absolute Return Limited
  • Wesfarmers Limited

Macquarie Infrastructure Group (MIG) Locations and Subsidiaries

Macquarie Infrastructure Group Headquarters
No. 1 Martin Place, Level 11
SYDNEY
NSW 2000
Phone: 1800 358 440
Fax: (02) 8232 4713

Macquarie Infrastructure Group (MIG) Share Price

Submitted by Share Trading on 9 June, 2008 - 09:24