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January 28, 2007

So, why is the Macquarie Group buying area papers?

It’s the Trans Texas Corridor

Macquarie Media Group Ltd., the purchaser of the Waxahachie Daily Light and other Texas newspapers of American Consolidated Media, is a subsidiary of Macquarie Bank, which is a Cintra-Macquarie partner. As reported here, Macquarie Bank is the parent of Macquarie Infrastructure, one of the largest toll road operators in the world. Macquarie Infrastructure last year partnered with Cintra (Cintra-Macquarie). The two are partnered on a toll road of nearly $4 billion in Indiana. Cintra, of course, is partners here in Texas with Zachry Construction to build the Trans Texas Corridor toll road.

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