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Toll road operator Macquarie Infrastructure Group (MIG) has forecast revenue and earnings growth in fiscal 2009, after revising its tolling structure.

MIG expects a sound operational performance from its portfolio to drive increases in revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) over the rest of 2009, the Sydney-based company said in a presentation for its annual general meeting.

The company also expects to pay a distribution of 20 cents per stapled security, comprise 10 cents in the first half and 10 cents as a final distribution.

Toll revenue in the quarter to September rose 2.8 per cent because of the revised tolling structure, which offset subdued traffic volumes during the period.

MIG said it had maintained a strong capital position, with $617 million of corporate cash as of October 21.

The company expects to have a cash balance of over $1.26 billion at the end of the first quarter, after adding the proceeds from the sales of the Lusoponte toll road in Portugal and Westlink M7 in Sydney.

The company maintained a diversified debt maturity profile, with most of MIG debt maturing in five years time or later, while gearing across the portfolio is 50.5 per cent.

MIG stapled securities were down three cents to $2.17 at of 1037 AEDT.

© 2008 AAP