out of fashion

The MBL satellites are not much posted about here these days.

Just as good.

I have been a strong believer since 1996.

It took me safely through the dotcom era, and now through the resources boom.

MIG is not the same animal now a days.

Yes the fees are all there, but they are now small compared to what is around.

MIG is accused of spending BIG in the US.

But look at Cintra (JV with MIG in the 407ETRm Indiana and Chicago) they have justed beaten a MIG/MIP bid in TEXAS..............


eb. 28 (Bloomberg) -- Cintra Concesiones de Infraestructuras de Transporte SA, which runs Toronto's 407-ETR highway, said its bid to build the $3.46 billion SH 121 toll road in Texas won top ranking from state authorities.

A group that's 85 percent owned by Cintra was picked as the ``apparent best value proposer'' by the Texas Department of Transportation, the Madrid-based company said today in a regulatory filing. A fund run by JPMorgan Asset Management is Cintra's partner in the group.

The 50-year project includes designing, building and managing a 42-kilometer (26-mile) highway with an electronic toll-collection system, Cintra said. The awarding of the contract must be ratified by the Texas Transportation Commission.

Cintra, controlled by builder Grupo Ferrovial SA, has targeted contracts in North America, where the company is part of teams running the Indiana Toll Road and operating the Chicago Skyway. About 68 percent of the company's revenue comes from outside Spain.

Shares of Cintra rose 13 cents, or 1 percent, to 13.30 euros in Madrid. The stock has gained 4.7 percent this year, giving the company a market value of 6.86 billion euros ($9.1 billion).

A team including Cintra and Macquarie Infrastructure Group last year won the Indiana Toll Road bid after offering the state $3.85 billion in exchange for collecting tolls over 75 years. Macquarie was a losing bidder for the Texas highway project.

Cintra is interested in 44 projects involving investment of about 72 billion euros in Europe, North America and Australia, Cintra Chief Executive Enrique Diaz-Rato said Feb. 22.

To contact the reporter on this story: Joao Lima in Madrid at [email protected] .