com 407 owns 407 ETR Concession Company Limited, which is responsible for the operations, management and expansion of Highway 407 ETR (the Highway) under a 99-year concession expiring in 2098 and a ground lease agreement with the government of Ontario. Highway 407 is the first provincially owned tolled highway in Ontario. 1% of its stake in 407 International Inc. The company formerly known as SNC-Lavalin announced the plan as part of an May 17, 2019 · The company says the Canada Pension Plan Investment Board, which already owns a 40 per cent stake in 407 International Inc. 1, 2024. The f raudsters, pretending to represent the toll highway, send a text To open an anonymous account, you must visit 407 ETR's Head Office. This means a 40-km trip could cost around CAD 20 or more, depending on these variables. com How much does the 407 cost? The 407 is worth $30 billion today, and it was sold for $3. Jun 13, 2024 · AtkinsRealis headquarters are seen in Montreal on November 10, 2023. ← Previous Post. The 407 ETR runs east-west just north of Toronto (Canada’s largest city), from Queen Elizabeth Way (QEW) to Highway 7, a total of 108km. While there are some differences between these two roads, you’ll still experience a seamless driving experience with just one bill and one transponder. , formerly SNC-Lavalin Inc. 01% equity stake of 407 International Inc. Under the terms of the agreement, CPPIB agreed to pay $3. The largest owner is now CPPIB. The company formerly known as SNC-Lavalin announced the plan as part of an investor presentation outlining the company's latest goals and financial targets. That's double the nearly 250 accounts the Feb 12, 2024 · About 407 ETR. There are 24 state-of-the-art salt spreaders and 23 snow plough trucks stationed at four locations along the highway. Total lane km available to drivers has gone from 643 km in 1999 (at the time of privatization) to over 1,200 lane km. (407 International), which holds a concession over the 407 Express Toll Route (407 ETR), from SNC-Lavalin Group Inc. Its Location Contributes to Toronto’s Urban Growth. 1. May 20, 2020 · Highway 407 has been operating for more than two decades west of Brock Road, but that stretch is private, owned by 407 ETR. 22(1) of the 407 Act, if a person fails to pay a toll debt, ETR may notify the Registrar If you have a credit balance on your account, you have the option to: Use your credit balance by travelling on Highway 407 ETR; Transfer your credit balance to another 407 ETR account; or. Zone 3: Highway 427 to Highway 404. The highway stretches from the QEW/403 interchange in Burlington easterly around Toronto to Highway 7 just east of Brougham. 23% of the company, with partners Intoll (30%) and SNC-Lavalin Inc (16. Download the PDF version of this news release. ”. An appointment is required, 48 hours in advance and one of our Customer Service representatives would be happy to assist you with booking an appointment at our Head Office. Jan 29, 2024 · On average, Highway 407 ETR investigated more than 500 accounts a month last year for toll charges related to lost, stolen or duplicated licence plates. The Company reported net income of $ 212. For this extension, the province opted for an alternative financing and procurement model and hired private consortia to plan and construct the roadway and serve as initial concessionnaires for 30-years. Make a payment through your financial institution. Pay through our mobile app. 20 on camera charges each time you travel and $3. 407 ETR constructed both the east and west extensions of the Feb 17, 2022 · TORONTO, February 17, 2022 - 407 International Inc. (SNC-Lavalin). Ferrovial, which now owns 43%, has been an owner since day one. E. 407 ETR Concession Company Ltd. Cintra has mandated RBC Capital Markets to act as financial advisor on the transaction as a whole. announced Friday that it will sell 10. 12 of March of 2010. The highway is operated privately by a consortium of companies known as Jan 2, 2024 · By Karen Longwell. 1 million for 2021, compared to $908. See our Rate Chart for more. 6 million for 2020. The 407 and its different extensions constitute a high-capacity alternative to the most congested toll road in North America: the 401, or northern ring road of Toronto. Dec 17, 2018 · The new part of the 407 and 412 were owned by the province. Select ‘407 ETR’ as the payee. 25 billion. Highway 407 WebSite Jun 13, 2024 · MONTREAL — AtkinsRéalis Group Inc. com. is aiming to sell its stake in Toronto’s Highway 407 ETR toll road within three years as it pushes on with a strategic revamp it says has re Jun 14, 2024 · 407 owns 407 ETR Concession Company Limited, which is responsible for the operations, management and expansion of Highway 407 ETR (the Highway) under a 99-year concession expiring in 2098 and a ground lease agreement with the government of Ontario. The highway spans 108 kilometres from Burlington in the west to Pickering in the east. 407 ETR . com Nov 13, 2015 · Ontario’s Highway 407 is an open-access private highway operated by 407 ETR Concession Company Limited (“ETR”). Ahmar Nov 26, 2021 · The Star has learned the 407 ETR was facing penalties “in the order of $1 billion” in 2020 due to pandemic-triggered lockdowns, but the province told the toll road owner it didn’t have to pay. Get personalized alerts about events along We are temporarily unavailable - 407etr. com Download 407 ETR's mobile app today and get access to these helpful features 24/7, everywhere you go: Get real-time notifications after each trip. The company formerly known as SNC-Lavalin announced the plan as part of an investor presentation outlining the company’s latest goals and financial targets. 407 International Board. Since the first day of toll collection over 750,000 transponders have been distributed. King's Highway 407, commonly referred to as Highway 407 and colloquially as the "four-oh-seven", is a tolled 400-series highway in the Canadian province of Ontario. History. Highway 407 Express Toll Route (ETR) Highway 407 highlighted in red Route information Maintained by Province of Ontario 407 ETR Concession Company Limited Length 151. We are temporarily unavailable - 407etr. 4 km (94. Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. A Customer Service Representative will Apr 7, 2015 · The first phase of Highway 407 East that runs from the end of the privately owned 407 ETR at Brock Road near Pickering to Harmony Road in Oshawa is set to open by the end of this year. However, 407 ETR will run the tolling operation for 407 EAST, both phases. Cintra currently owns 53. (6. , a wholly owned subsidiary of Ferrovial S. Get real-time notifications, check your balance, pay your bill and more. 01%); Jun 13, 2024 · AtkinsRéalis Group Inc. The province sets and regulates tolls, retains the toll revenue and establishes customer service standards. 43. Ontario Highway 407. 01%), also known as CPP Investments; Cintra Global S. The Highway 7 East project, a toll road owned by the Ontario government, was originally scheduled to be completed in 2020. 8 per cent return on its fixed-income investments. is the sole shareholder of 407 ETR and is owned by: Background Information. Highway 407 WebSite The 407 ETR Concession Company Limited is the operator and manager of highway 407, which extends 108 kilometres (67 miles) east-west just north of Toronto, Canada’s largest city. com Highway 407 ETR is connected to a provincially owned tolled highway called Highway 407. Peak rates can be quite high, with charges per kilometer that can exceed CAD 0. Yes you can, or you can buy the company that owns the lease. The privately owned 108-kilometre stretch of roadway will have a new rate schedule take effect on Feb. Dec 29, 2023 · The new rates will take effect on Feb. Although connected to the existing 407 ETR, Highway 407 is a separate entity owned and operated by the Province. Drivers will have to pay Something went wrong! Try again Jun 13, 2024 · Canadian engineering giant AtkinsRéalis Group Inc. Pay directly through your bank. Get the latest business insights from Dun & Bradstreet. 77 percent. Mar 4, 2024 · Colin D'Mello has the story – Mar 4, 2024. 4 million for 2021, compared to a net income of $148. Anyone that travels on Highway 407 ETR is subject to tolls and fees. 01%); - Cintra Global May 10, 2023 · Sampson assured the public that tolls would not rise, because the new owners would need plenty of drivers to pay off the debt. See an overview of your travel with the option to tag and organize trips. Although connected to the existing 407 ETR, Highway 407 is a separate entity owned and operated by Ontario. 01% Cintra Global S. Opening on June 20, 2016 to traffic toll-free to allow drivers to become accustomed to the new roads. The sale of the electronic toll road that runs just north of Toronto is being called the biggest privatization deal ever made in Nov 7, 2006 · On Monday, a judge ruled that the owner of 407 ETR has a monopoly and substantial resources, and has a duty to exercise its power responsibly. Drivers using Highway 407 ETR will soon see tolls increase. A company spokesman says it's reviewing the ruling Our Highway Ops team works around the clock to help ensure every drive is a safe one. 0 billion to SNC-Lavalin on closing 407 ETR toll road. The settlement is due to both parties’ decision to create a stable collaboration framework that reinforces long-term relations (the 407 ETR concession period is 99 years) and provides We are temporarily unavailable - 407etr. 95 monthly on the account fee on any Ontario Find company research, competitor information, contact details & financial data for 407 ETR Concession Company Limited of Woodbridge, ON. We’re a majority Canadian owned company and proudly employ over 460 Ontarians. schmidt@opp. ca. www. Order a Transponder. After three round trips, your transponder pays for itself. Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area and it spans 108 kilometres. says it plans to sell its stake in the company that owns the Highway 407 ETR toll highway north of Toronto by the end of 2027. 2 billion to construct and maintain the highway to provide motorists with a fast, safe and reliable choice. 23% of 407 ETR; the other partners are Intoll Group (30%) and SNC-Lavalin Inc […] The 407 ETR is located in Toronto, Ontario (Canada) and runs parallel to the first city ring road, the 401, one of North America’s most congested highways. Zone 1: QEW to Highway 401. Leasing a transponder for $24. Highway 407 ETR is a 108 km electronic toll route that traverses the Greater Toronto Area (GTA The 407 East Phase I is the largest toll road concession project in the province of Ontario since the privatization of the 407 ETR. The Highway 407 Act, 1998 (“407 Act”) governs the operation of Highway 407 and empowers ETR to enforce the payment of tolls. Jan 7, 2018 · Highway 407 ETR & King's Highway 407 - www. It has 198 tolling gantries across 40 interchanges, all equipped with electronic vehicle detection devices. Seven of the interchanges are rapid transits to other highways. The 407 ETR runs east-west just north of Toronto (Canada's largest city), from QEW to Highway 7, a total of 108km. Ferrovial subsidiary Cintra Infraestructuras SA has begun the process to sell 10% of the 407 ETR toll road in Toronto, Canada. Filings for 407 International can be My Account Log In. The road connects with six interchanges on the 400 series highways: 401, 403, 410, 427, 400 and 404. Almost 50% of the lane km now in use constructed after 1999 (407 ETR Concession begins operating highway). Since 1999, 407 ETR has invested over $1. is the sole shareholder of 407 ETR and is owned by: - Canada Pension Plan Investment Board (CPP Investments) through Aug 9, 2021 · For more information. Email: Remember email. com We are temporarily unavailable - 407etr. com Jul 14, 2022 · Highway 407 ETR is the world’s first all-electronic, open-access toll highway. The iconic crown logo of the 400 series highway returned in the signs and in an act that acknowledges public hostility to the 407 ETR, the Highway 407 website carefully explains how the toll rates on the new 407 and 412 are controlled by the province. is the sole shareholder of 407 ETR and is owned by: - Canada Pension Plan Investment Board (CPP Investments) through indirectly-owned subsidiaries (50. Length of Highway 407 ETR is 108 km with 41 interchanges linking the highway to all major GTA highways. Operator of an open-access toll highway intended for transportation, trucking and railroad. 77%). Zone 2: Highway 401 to Highway 427. The pension fund now owns slightly more than 50 per cent. “The limit is what the market is prepared to pay,” Sampson said. , a subsidiary of Spanish firm Ferrovial S. My Account Log In. 23%); and AtkinsRéalis Canada Inc. At the time of the sale, around 210,000 drivers used 407 daily, bringing in $9 million in tolls. May 23, 2012 · Two private firms have landed the contract to build and maintain a publicly owned eastbound extension of Highway 407. In 1999, 407 International became the owner of the 407 ETR Concession Company Limited ("407 ETR") which is the operator and manager of the highway, which extends 108 kilometres east-west across the top of the Greater Toronto Area. OPP Kerry Schmidt Highway Safety Division OPP 416-460-4701 Email: Kerry. , a private consortium that owns the profitable tolled highway in north Toronto, for $3. The 407 ETR is located in Toronto, Ontario (Canada) and runs parallel to the first city ring road, the 401, one of North America’s most congested highways. is the sole shareholder of 407 ETR and is owned by: Canada Pension Plan Investment Board (CPP Investments) through indirectly-owned subsidiaries (50. 407 ETR. To date, Cintra owned 53. A. 23 percent of 407 ETR, Intoll Group holds 30 percent and SNC-Lavalin Inc the remaining 16. A. Dec 29, 2023 · December 29, 2023. The Company offers fast, safe, and reliable transportation route, serves millions of commuters, various industries and 407 ETR General Information Description. 407 ETR (managed by Cintra in Toronto) and the Ontario Government have reached an amicable settlement regarding all legal disputes between the parties. , has exercised its right of first refusal. By law, the registered owner of the licence plate My Account Log In. 76%). Make a one-time payment. The technology used by 407 ETR eliminates the need for toll booths, which means vehicles enter and exit the highway without delays. provides transportation services. SNC-Lavalin Group Inc. OntHighways. MONTREAL — AtkinsRéalis Group Inc. The company operates an all-electronic, barrier-free toll highway running 108 kilometers from Burlington to Pickering and offers a range of services to highway users, including police patrols, roadside maintenance and fleet management, enabling its clients to Highway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. 0 million for 2020. The Spanish firm that owns and operates Highway 407 will help manage a $1 My Account Log In. OMERS used to be a large owner in the past, as did Macquarie Infrastructure Group. Be mindful of road safety workers and maintain a safe distance between The 407 Express Toll Route (ETR) was one of the first open access all electronic toll highways. (the "Company") announced today revenues of $1,023. 23% Waive goodbye to camera charges and monthly account fees with a transponder. Published January 2, 2024 at 8:29 am. 50. Pay your bills, set up pre-authorized payments, update your details, get access to exclusive offers and more. Jul 15, 2010 · Share: TORONTO - Ontario's busy Highway 407 Express Toll Route could soon have another Canadian owner after one of the country's largest pension funds bid on the Australian firm that owns a 30 per Does China own the 407 . Don’t have a My Account? Jun 13, 2024 · MONTREAL — AtkinsRéalis Group Inc. Request a refund. com Jan 10, 2024 · 407ETR (Ontario, Canada) The cost of traveling on the 407 ETR varies based on factors like the time of day, vehicle type, and distance traveled. Receive statement notifications, check your account balance, and pay your bill. “I’m pleased to announce that Feb 9, 2024 · 407 International Inc. May 2, 2019 · OMERS, a $97-billion fund, owns about $18-billion of infrastructure and earned a 10. (43. The company formerly known as Dec 29, 2023 · We are temporarily unavailable - 407etr. The first phase of the 407 East Extension is We are temporarily unavailable. If you take three round trips a year, a transponder pays for itself, and will save you money by removing camera charges and the monthly account fee. 407 International Inc. To easily request a refund or transfer your credit balance to a difference account, log into My Account. Highway 407 is Ontario's newest, and without doubt most controversial 400-series highway. Please call us at 1-888-407-0407 during regular business hours. com Toronto, Canada (August 15, 2019) – A company controlled by Canada Pension Plan Investment Board (CPPIB) has acquired a 10. The Company is owned by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 50. 1 billion in 1999 by Ontario. 407 ETR Kevin Sack Vice President Marketing, Communications and Government Relations Phone: 416-455-5262 Email: ksack@407etr. Dec 29, 2023 · Drivers using Highway 407 ETR will soon see tolls increase. You save $4. As of August 2022 and unchanged since 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. Try again About 407 ETR. 50 per year or $3. Download Adobe Acrobat. The Ford government is facing a political push to divert commercial trucks away from the 401 and onto the privately owned 407 in a bid to reduce My Account Log In. THE CANADIAN PRESS/Christinne Muschi. My Account is your one-stop destination for easy account management. 95 per month is the best way to travel Highway 407 ETR. 407etr. The company formerly known as SNC-Lavalin Facts & Stats. Learn about their Rail, Bus & Taxi, Transportation market share, competitors, and 407 ETR's email format. The Company is owned by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total www. Find contact information for 407 ETR. With the Canadian public now the majority Highways 407 and 412 as Ontario's first publicly-owned and publicly-controlled toll highways. Hwy 407, the corporate entity, has had changes in ownership over the years. Highway 407 EAST is the first publicly-owned and publicly-controlled set of tolled highways in Ontario. Oct 29, 2019 · Time for the 407 ETR to be a team player. “And that is a realistic limit. , a Ferrovial subsidiary, has reached an agreement to sell 10% of 407 Express Toll Route (ETR) in Toronto (Canada) to Canada Pension Plan Investment Board (CPPIB) for 894,3 million Canadian dollars (640 million euro). A scam circulating now targets Highway 407 ETR drivers in Ontario. 1 billion dollars. 6 per cent return from the portfolio in 2018, compared with a 1. Although connected to the existing 407 Express Toll Route (ETR) – which is operated by a private company – Highway 407 is a separate entity Apr 14, 1999 · The Tory government has sold highway 407 for $3. Comprising a privately leased segment as well as a publicly owned segment, the route spans the entire Greater Toronto Area (GTA) around the city of Toronto Cintra Infraestructuras, S. Canada Pension Plan is a Highway 407 shareholder. The person responsible for the bill can be either be the person who has leased a transponder from 407 ETR or, the person that owns the licence plate that was identified by our video recognition system. 1 mi) History Proposed 1959–1986, Opened 1997–2001 Extended 2016–2019 [7] [8] Major junctions West end Highway 403 / Queen Elizabeth Way in Burlington Major intersections Highway 403 in Mississauga Highway 401 in Feb 15, 2024 · Alas, tolls on that artery just went up on February 1, paid to the 407 ETR Concession, which is comprised of indirectly owned subsidiaries of the Canada Pension Plan Investment Board, along with a Jun 13, 2024 · MONTREAL — AtkinsRéalis Group Inc. Earnings before interest and other, taxes, depreciation and amortization Dec 6, 2019 · The Ontario government has announced the final stretch of Highway 407 — connecting the 407 to Highway 35/115 — and Highway 418 will be open to drivers beginning Monday, December 9th. Under s. Have your account number handy—you can find it at the top-right corner of your bill. It […] Our Payment Terms. qn ya tn sm ax ni zw na hy io