Toll-road investor Macquarie Infrastructure Group (MIG.AU) has slashed the value of its global toll-way portfolio, including two ground-breaking U.S. projects, due to the ongoing economic downturn.

The Sydney, Australia-based fund cut the value of its leases on the Chicago Skyway - the first privatized U.S. toll road - by 37%, to A$148 million as of June 30, compared to a year ago, and it cut the value of its leases on the Indiana Toll Road by 72%, to $A98 million.

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Posted by rjorr at August 20, 2009 3:03 PM