1. Impulsora del Desarrollo y el Empleo en America Latina SA (IDEAL) and Macquarie Infrastructure Group teamed up to bid for a package of four Mexican toll roads covering 558 kilometers (336 miles) worth at least $2.3 billion.
2. Ideal was created in 2005 to make money from roads, dams and construction. The package would add four toll roads in central Mexico to five already run by Ideal in the nation.
3. Macquarie is focusing on expansion outside Australia after spinning off highways in Sydney last year.
[Toll roads are luring investors such as Macquarie and Ideal for their predictable cash flows and growth potential. These roads are very attractive because they're ready and have a track record, like privatizing a profitable company.
Mexico's government is seeking to resell $25 billion of highways after taking them over from private companies that had no money to maintain the projects following a currency crisis in December 1994.]
Keep your eyes on the toll and your mind upon the wheeling! And dealing!
[Click here for full story at: BLOOMBERG.COM]
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