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Is the 407 being extended?
The Highway 7 East project, a toll road owned by the Ontario government, was originally scheduled to be completed in 2020. The extension will add 14.2 kilometres to Highway 407, and the new Highway 418 (10 kilometres).
How far east does the 407 extend?
67 miles
Highway 407 ETR extends 108 km (67 miles) from the QEW/403 (Burlington, ON) in the west to Brock Road (Pickering, ON) in the east. There are 198 ramps on 407 ETR to conveniently enter or exit the highway.
What is the difference between 407 and 407 ETR?
Although connected to 407 ETR, Highway 407 (including Highway 412 and Highway 418) is a provincially owned tolled highway. To ensure a seamless experience for users of both highways, 407 ETR, provides tolling and customer services on the Province’s behalf for Highway 407, Highway 412 and Highway 418.
Who owns the new 407 extension?
The Highway 407 East Phase 2 is a toll road and owned by the Ontario government. Construction was completed in November 2019, with the highway officially opening on December 9, 2019.
Does 407 go to Hamilton?
No, there is no direct train from Highway 407 Station station to Hamilton. However, there are services departing from Highway 407 Station – Southbound Platform and arriving at West Harbour GO via Toronto Union Station. The journey, including transfers, takes approximately 2h 34m.
What is the length of Highway 407?
94.08 miOntario 407 / Length
Who owns the 407 highway in Ontario?
The Company is owned by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 50.01%), also known as CPP Investments; Cintra Global S.E., a wholly owned subsidiary of Ferrovial S. A. (43.23%); and SNC-Lavalin (6.76%).
Can I use 407 without transponder?
IMPORTANT: It is mandatory for all heavy vehicles to have a valid transponder to travel on Highway 407. Without a valid transponder, you run the risk of being charged under the Highway Traffic Act.
How much money does the 407 make per year?
407 International Inc. (the “Company”) announced today revenues of $1,505.3 million for 2019, compared to $1,390.3 million for 2018. Earnings before interest, taxes, depreciation and amortization (“EBITDA”1) totalled $1,309.1 million for 2019 compared to $1,210.6 million for 2018.
Who owns the 407 in Canada?
Can you use someone else’s 407 transponder?
407 ETR customers who share transponders between vehicles will be responsible for any charges, including Camera Charges, that can result from moving around the transponder. Additional transponders save you the hassle and expense of entering the highway without the transponder.
How much did Ontario sell the 407 for?
The segment is operated privately under a 99-year lease agreement with the provincial government, which was sold in 1999 for about C$3.1 billion to a consortium of Canadian and Spanish investors operating under the name 407 International Inc.
Does the 407 go to Barrie?
Yes, the driving distance between Highway 407 Station to Barrie is 75 km. It takes approximately 54 min to drive from Highway 407 Station to Barrie.
Who owns the 407 in Ontario?
How much does the 407 make a year?
TORONTO, Feb 7, 2019 407 International Inc. (the “Company”) announced today revenues of $1,390.3 million for the year ended December 31, 2018, compared to $1,267.7 million for 2017.
Does the 407 read front plates?
There are three privacy components that set Ontario’s 407 ETR apart from other toll roads. First, the plate recognition system only records the rear licence plate of the vehicle. Thus, no images of the vehicle’s occupants are recorded or collected.
Who owns the Hwy 407?
Lease Ownership As of August 2019, ownership of the 407 ETR Concession Company Limited (“407 ETR”), the operator/manager of the highway, is as follows: Indirectly owned subsidiaries of Canada Pension Plan Investment Board 50.01% Cintra Global S.E., a subsidiary of Spanish firm Ferrovial S.A. 43.23%
Which party sold the 407 highway?
What is 407 ETR expansion?
Expansion of the highway through the addition of new lanes means drivers save time while enjoying a congestion-free trip. 407 ETR has expanded the highway from three to five lanes in each direction in the most travelled sections of the highway. The extensions and expansions of the highway have been completed at no cost to taxpayers.
How many transponders do I need to travel on Highway 407?
You only need one transponder to travel on Highway 407 ETR or The Province’s Highway 407 (including Highway 412 and Highway 418). To see the complete interactive online map or to print a map, click here .
Where is the head office of 407 ETR Concession Company?
David Arminas reports from Toronto The head office for 407 ETR Concession Company is a low-rise building next to exit 59, just north of Toronto, Canada’s economic powerhouse. The building may be non-descript but inside is the advanced technical heart of Highway 407 ETR – Express Toll Route. It houses the latest toll monitoring techno 1.