Ontario, Canada
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$3.6B
Total Investment
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67mi
Length
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1999-2098
Concession period
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1999
Opening date
The World’s First All-Electronic, Open-Access Toll Highway, Transforming Travel Across the Greater Toronto Area since 1997.
Project Details
In 1999, 407 ETR began a 99-year Concession Agreement with the Province of Ontario to assume the management and operation of Highway 407 ETR. This includes tolling, customer service and the maintenance and expansion of the roadway.
Since 1999, 407 ETR has proudly served Ontario drivers in the Greater Toronto Area (GTA) with a fast, safe and reliable trip.
407 International Inc. is the sole shareholder of 407 ETR and is owned by: Cintra Global S.E. which is a wholly owned subsidiary of
Ferrovial S.A. (48.29%), Canada Pension Plan Investment Board (CPP
Investments) and other institutional investors (44.20%), Public Sector
Pension Investment Board (PSP Investments) (7.51 %).
Community Benefits
407 ETR is committed to supporting communities across the Greater
Toronto Area (GTA), delivering over $23.3 billion in socio-economic
benefits like reduced emissions, better connectivity, and job growth.
Since 2020, they’ve invested $10 million in local initiatives, partnering
with 160+ organizations in 2024. 407 ETR also engages with 12
business associations, with community programs led by the
Communications and Government Relations team.
Key Figures
- 67 miles / 108 KM
- A total investment of approximately $2 billion in extensions and expansions, nearly doubling lane capacity to accommodate growing traffic demands in the GTA.
- 313,336 average daily trips supported in 2024.
- Time saved: 20-60 minutes time saved per trip, on average (2024 Q4 Quarterly Pulse Survey results)
407 ETR in photos
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