If a toll road is for sale, you can bet that Macquarie will offer to buy it.
After all, the Australian bank owns 11 toll roads worldwide, including such
notable thoroughfares as Chicago's Skyway, the Indiana Toll Road and
Virginia's
Dulles Greenway. However, the bank has
hit
political roadblocks in its efforts to buy additional U.S. roads, so
Macquarie has set its sights south of the border. The company is teaming up
with Carlos Slim to bid on four Mexican toll roads worth $2.3 billion,
according
to Bloomberg. Slim already operates five toll roads in his native country.
Mexico expects to sell $25 billion worth of toll roads during the next six
years, so Macquarie will have a chance to dramatically increase its North
American portfolio even if U.S. jurisdictions continue to eschew toll road
privatizations. —Matthew Wurtzel
See
story from Bloomberg
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