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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]
Ontario Highway 407 is a tolled 400-series highway that spans the Greater Toronto Area (GTA) in Ontario. When the Ontario government started planning the project, its normal process for highway construction was not possible given the financial constraints of the recession of the early 1990s. The Peterson government sought out public-private ...
The segment is operated privately under a 99-year lease agreement signed with the Conservative 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. [12] The privatization of the Highway 407 ETR section has been the source of ...
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.
SNC also said a previously announced deal to sell a 10.01 percent stake in 407 International Inc for C$3.25 billion may fall through as one of the shareholders of the Ontario toll operator has ...
The International Harvester Company (IHC) has been building its own proprietary truck engines since the introduction of their first truck in 1907. International tended to use proprietary diesel engines. In the 1970s, IHC built the DVT 573 V-8 diesel of 240 and 260 hp (179 and 194 kW) but these were not highly regarded and relatively few were sold.
Bell Textron Inc. is an American aerospace manufacturer headquartered in Fort Worth, Texas. A subsidiary of Textron , Bell manufactures military rotorcraft at facilities in Fort Worth, and Amarillo, Texas , United States as well as commercial helicopters in Mirabel, Quebec , Canada .
Douglas. The Bremen v. Zapata Off-Shore Company, 407 U.S. 1 (1972), was a United States Supreme Court case in which the Court considered when a U.S. court should uphold the validity of a contractual forum selection clause. The parties had entered into an agreement for a drilling rig to be towed from Louisiana to Italy, which included a clause ...