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As of September, 2024 [35] and unchanged since 2019, [36] [37] ownership of the 407 ETR Concession Company Limited ("407 ETR"), the operator and 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%
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]
In Portugal, it owns a share in the Scut Açores highway. In Canada and the United States, it operates highways under a barrier-free toll system, including the 407 ETR, the 407 East Phase 2, and the 407 EDG highways (Toronto), the LBJ Expressway, the North Tarrant Express and NTE Extension (Dallas), and I-77 (North Carolina). [87] [88] [89]
York Region is home to a privately-maintained (but provincially-owned) toll freeway, the 407 ETR. The freeway crosses the Region east-west near the southern border. Toll rates vary depending on the section, time of day, and mileage driven.
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).
Now, Trump officials are estimating rebuilding could take up to three times as long, raising questions and concerns for Palestinians, who Trump said on Tuesday should relocate to neighboring ...
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The 407 ETR is likewise not considered part of the provincial highway network. While it is still subject to the rules set forth by the HTA, it is otherwise governed independently under the legislation of the Highway 407 Act. [5]