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.
The first phase of the 407 East Extension is comprised of an extension of approximately 22 kilometers (14 miles) toward the east from Brock Road in Pickering to Harmony Road in Oshawa, in the province of Ontario. It also includes the connection with the 401 toll road through a new 10 kilometers (6.2 mile) link that will be located east of Lake Ridge road.
This toll road runs through the habitat of five protected species. In order to preserve the environment, the design and construction will be carried out using the latest environmental conservation techniques.
The 407 East Phase I is Cintras first availability payment project with no toll collection or traffic risk in North America. 407 EDG will be responsible for maintenance, rehabilitation and incident response, whereas 407 ETR will be in charge of the toll collection systems. The province of Ontario will establish the tolls and keep the revenues in an explicit toll system.
|Concession company||407 East Development Group|
|Location||Toronto, Ontario, Canada|
|Client||Infrastructure Ontario and the Ministry of Transportation|
|Ownership structure||50% Cintra Infraestructuras SA 50% SNC-Lavalin|
|Opening to traffic||December 2015|
|End of Concession Term||2045|
|Concession period||30 years from the date it is opened to traffic|
|Concession term||30 years|
|Object of the concession||Finance, construction, maintenance and rehabilitation|
|Managed investment||€ 710,6 B|
|Jobs created||13,000 jobs|
|Toll road length||35 km (21.75 miles)|
|Number of lanes||2/3 in each direction|
|Toll system||Availability payment|
The 407 East Extension toll road project was initiated in January 2009 when the Government of Ontario announced that the 407 ETR would have an extension. This extension would be a toll road in which the Province would maintain control and ownership. Furthermore, the Province of Ontario would set the prices and collect the revenues.
In July 2010, it was announced that the project would be completed in two different phases and a concession tender process would be organized to select the team responsible for designing, building, financing and maintaining Phase I of the Highway 407 East Extension. Simultaneously, negotiations were held with 407 ETR for the provision of the toll services for Phase I of this new toll road.
In April 2011 it was announced that three teams had been pre-selected for the concession tender. Later, it was confirmed that 407 ETR would provide its toll system. This would allow users to make use of the same transponder for driving on both toll roads.
In March 2012, 407 East Development Group, i.e., the consortium formed by Cintra and SNC Lavalin, was selected as the preferred bidder. Two months after, in May 2012, the financial and commercial closing of the project took place.