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Highway 407 begins at the Highway 403/Queen Elizabeth Way junction in Burlington. Highway 407 is a 151.4-kilometre (94.1 mi) [1] controlled-access highway that encircles the GTA, passing through Burlington, Oakville, Mississauga, Brampton, Vaughan, Markham, Pickering, Whitby, Oshawa, and Clarington, as well as travelling immediately north of Toronto.
In 1999, Ontario sold it for a fraction of that. SNC-Lavalin sold 10.01% of its stake of the 407, valuing it at $30 billion. In 1999, Ontario sold it for a fraction of that.
The 400-series highways are a network of controlled-access highways in the Canadian province of Ontario, forming a special subset of the provincial highway system.They are analogous to the Interstate Highway System in the United States or the Autoroute system of neighbouring Quebec, and are regulated by the Ministry of Transportation of Ontario (MTO).
Its asset portfolio includes 6 North American highway concessions: a minority stake in the 407 Express Toll Route (407 ETR) in Ontario [5] [6] and majority stakes in the LBJ Express, the North Tarrant Express, North Tarrant Express 35W in Texas, the I-66 Express in Virginia and the I-77 Express in North Carolina; as well as various highways on ...
In 1999, the Ontario government signed a $3.1 billion 99-year lease for Ontario Highway 407 with 407 International Inc., a conglomerate of three private companies, including SNC-Lavalin. It was renamed 407 ETR. [33] In the early 2000s, SNC-Lavalin won the contract to repair Montreal's Jacques Cartier Bridge. [34] [35]
The road was finished in November 1917, 5.5 metres (18 ft) wide and nearly 64 kilometres (40 mi) long, becoming the first concrete road in Ontario. [77] The highway became the favourite drive of many motorists, and it quickly became a tradition for many families to drive it every Sunday. [79]
Maddaugh Road See Ontario Highway 6#Future. [18] Highway 7: Kitchener: Guelph: See Ontario Highway 7#Proposed Kitchener–Guelph freeway. [19] Highway 69: Highway 400: See Ontario Highway 69#Four-laning. [20] Highway 413 Highway 401 / 407 ETR Highway 400: Entire length. [21]
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