InfraStructures - November 2007 - 407 ETR Celebrates Highway's 10th Anniversary

407 ETR Celebrates Highway's 10th Anniversary
- And Sets New One-Day Traffic Record

407 ETR Concession Company Limited (407 ETR) celebrated the 10th anniversary of its first ever tolled trip by announcing that it recently set a new, one-day traffic record.

On Friday, October 5, a record 445 822 trips were taken on 407 ETR by those wanting to avoid congestion and jump start their holiday weekend. This beat the previous record of 434 670 trips set on June 22, 2007.

"For 10 years now, 407 ETR has provided a fast, safe and reliable way for drivers to get around the GTA," said Antonio de Santiago, President and CEO of 407 ETR. "Setting a new one-day traffic record is a great way to celebrate our 10th anniversary."

The first day of tolling on Highway 407 ETR was October 14, 1997 when the highway was only 36 km long, stretching from Highway 410 to Highway 404. By 1999, the highway was lengthened to 68 km and privatized. During the past eight years, 407 ETR has spent over $800 million to lengthen the highway by 40 km and to widen busy sections to improve traffic flow.

"Thanks to all of our customers, employees and business partners for helping us reach this 10-year milestone," said Antonio de Santiago. "Our ongoing commitment to delivering outstanding service - both on and off the highway - has made 407 ETR one of the best-built, safest, best-patrolled and best-maintained highways in North America."

407 ETR Concession Company Limited is the operator and manager of Highway 407, which extends 108 km east-west, just north of Toronto. 407 International Inc., the sole shareholder of 407 ETR, is owned by a consortium comprised of Cintra Concesiones de Infraestructuras de Transporte, Macquarie Infrastructure Group and SNC-Lavalin.

Source: 407 ETR Concession Company Ltd