Macquarie Power & Infrastructure Income Fund's bi-monthly investor newsletter brings you updates about MPT's assets and activities as well as our views on news and market developments. To subscribe, email us at mpt@macquarie.com.

New spending on infrastructure will help create jobs while improving Canada's long-term productivity.

On Business News Network (BNN) in early January, MPT's President and CEO Gregory Smith shared his views on the outlook for infrastructure spending in 2009 and the opportunities it could create for investors such as MPT.

From congested roads and decaying bridges to water systems that are leaky and potentially unsafe, Canada's aging infrastructure --- about 60% of which is between 50 and 150 years old --- clearly has a profound impact on our economy and the environment as well as the health of our communities.

The government's recently announced budget commitment to boosting infrastructure spending follows on the heels of the $33-billion Building Canada plan, which was unveiled in 2007 to improve and expand Canada's critical infrastructure, as well as the establishment of a national office and a $1.25-billion fund to support public-private partnerships (P3s).

These earlier programs, Mr. Smith noted, have set the stage for a rapid deployment of fresh capital into key infrastructure projects that are expected to immediately create new jobs.

But this strategic investment will also leave a lasting legacy in the form of improved economic prospects and Canada's national competitiveness. Modern and efficient infrastructure is vital to the movement of goods, services and people and to the quality and security of life we enjoy.

Mr. Smith also discussed the important role for private investors in renewing Canada's infrastructure, including through P3s. The amount of capital needed to fill Canada's infrastructure gap and build for the future--- estimated at more than $200 billion --- creates significant opportunities for investors such as MPT. MPT has approximately $100 million in cash and acquisition facilities to pursue appropriate growth opportunities in a range of infrastructure categories.

If you missed the interview, you can watch it on BNN's website.

Ontario has 75,000 LTC beds for those in need of 24/7 care.

On January 29, 2009, Leisureworld Senior Care LP's Chief Financial Officer, Martin Liddell, explained to an audience of investors at BMO Capital Markets' 2009 Infrastructure Conference why long-term care (LTC) is a stable business throughout the economic cycle.

Leisureworld's LTC homes provide an essential service within the provincial healthcare system, one that is both regulated and funded by the Ontario Ministry of Health and Long-Term Care. In fact, the demand for long-term care is based on need.

"Our homes provide about 4,300 beds and 24/7 medical care to seniors and others who require around the clock care," Mr. Liddell told the audience. "On average, the residents in our homes are 86 years of age and each have four to five medical conditions. Roughly 60% suffer from some form of cognitive impairment. These complex care requirements are what distinguish long-term care from retirement homes."

These care requirements cannot be practicably or cost effectively met in any other way, Mr. Liddell continued, highlighting that an LTC bed for an individual in need of care costs the government about $175 per day compared with about $450 per day for a chronic care hospital bed. And in a long-term care setting, the resident enjoys a higher quality of care in a more home-like environment.

In addition to the stable demand for long-term care, Mr. Liddell noted the reliable cash flow and predictable operating costs afforded by the government funding model.

At least 60% of Leisureworld's revenue flows directly from the government while funding over the past 10 years has grown faster than the consumer price index (CPI).

Finally, the requirement that long-term care homes be licenced means that the government controls and manages the supply of beds in the province, which creates barriers to entry and helps to protect Leisureworld's competitive position in the market.

To view Mr. Liddell's remarks and presentation, please visit MPT's website.

Erie Shores is proud to be part of its local community.

The role of Erie Shores in the local community and economy was highlighted in January in the County of Elgin's new economic development newsletter, which is available online.

Erie Shores is making an important contribution to the local economy, the province's electricity supply and the health of our environment. In addition to the jobs created during the construction phase, Erie Shores has created employment for 15 people. The facility's 66 turbines, which are located on privately owned land, generate additional income for farmers and tax dollars for municipalities. In 2007, the facility generated 243,423 megawatt hours (MWh) of electricity - enough to power about 30,000 homes.

As Dennis Haggerty, the plant manager at Erie Shores, noted, "...every megawatt of power we generate means less oil or coal or gas that has to be burned, producing greenhouse gases. This power plant is absolutely pollution-free."

Erie Shores has been a distinct calling card for the local governments, communities and landowners that have shown leadership in supporting renewable power. In an interview in December with Inside Toronto, Mayor Lynn Acre of the Municipality of Bayham noted that "our whole municipality has seen [Erie Shores] as a shot in the arm. We're proud of it. It's a part of our identity."

To learn more about Erie Shores Wind Farm, visit the facility's website at http://www.erieshores.ca.

We encourage readers to share their feedback and ideas for future eNewsletters or our investor relations website. Let us know what you think by emailing us at mpt@macquarie.com.

Visit MPT's website at http://www.macquarie.com/mpt to read more about our portfolio of assets and to access investor relations information.