Free Republic

THE Sydney-based Macquarie Infrastructure Group will know tonight if it has garnered an early slice of the vast toll road riches up for grabs in Texas. The announcement by the Texas Department of Transportation of the winning bidder for State Highway 121 - a planned 42km toll road in northern Dallas, one of the fastest growing areas of the US - shapes up as the first big test of MIG's decision to all but jettison its Australian routes for a shot at the far larger but less developed US markets. Texas, which is forecast to double its population to 50...

Surely Fort Worth Weekly publisher Lee Newquist’s phone will be ringing any second now with a call from Australia and an offer of millions of dollars. After all, your favorite alt-weekly criticized the Trans-Texas Corridor in a recent cover story (“Detours on a Super-Highway,” Jan. 10, 2007), and it’s pretty obvious that foreign fat cats who lease U.S. highways and charge tolls to drivers don’t take kindly to criticism. Macquarie Media Group of Australia is set to pay upward of $100 million for American Consolidated Media, which owns small community newspapers across Texas — newspapers that have criticized the proposed...

Macquarie to buy newspaper chain; critics fear it's to silence Trans-Texas Corridor opponents. One of the foreign firms leasing the Indiana Toll Road is drawing suspicion from some Texans after announcing plans to acquire a chain of small newspapers there. Australia-based Macquarie Media Group last week said it will pay $80 million for American Consolidated Media, which publishes 40 community newspapers and shopping publications serving nine communities in Texas and Oklahoma. Macquarie's sister company, Macquarie Infrastructure Group, last year joined with the Spanish conglomerate Cintra to lease the Indiana Toll Road for the next 75 years. Republican Gov. Mitch Daniels...

The Trans-Texas Corridor, and the TTC-35 component that will parallel Interstate 35, is the best solution to the congestion facing Texas highways, and I-35 in particular. Not only would it relieve traffic congestion, it would also expand economic opportunity along its path. What citizens need to realize also is that from the start, part of the long-term answer to relieving that congestion, and part of the TTC plan, has been passenger rail. Ottis Foster is correct in his Dec. 16 guest column, “Trucks on rails, off I-35” regarding rail being a key part of the solution to the increased traffic...

Critics charge that the Macquarie purchase of American Consolidated Media is designed to silence critics of a Texas toll road project. Australian toll road giant Macquarie agreed Wednesday to purchase forty local newspapers, primarily in Texas and Oklahoma, for $80 million. Macquarie Bank is Australia's largest capital raising firm and has invested billions in purchasing roads in the US, Canada and UK. Most recently the company joined with Cintra Concesiones of Spain in a controversial 75-year lease of the 157-mile Indiana Toll Road. Sal Costello, the leading opponent of toll road projects as head of the Texas Toll Party, says...