TORONTO, Dec. 31, 2018 /CNW/ - 407 ETR today announced updates to its tolls and fees that will come into effect on February 1, 2019, helping ensure the highway remains safe and free flowing for the tens of thousands of Ontario families and businesses who rely on it every day. Details of the new rates and fees are outlined on the attached backgrounder and available on the 407 ETR website.
Revenue from tolls help manage traffic congestion and pay for critical highway operations such as policing, snow clearing, maintenance operations, and safety patrols that operate 24/7. No taxpayer dollars have contributed to the construction, expansion, extension or maintenance of the highway since 1999, when 407 ETR paid $3.1 billion to the Ontario government for the contract/lease to operate the highway. Since then, 407 ETR has invested more than $1.6 billion into improvements to customer service and the highway, including over 250 new lane kilometres since starting operations ? almost half the current capacity of the highway.
407 ETR plays a vital role in supporting Ontario's economy and improving the daily lives of Ontarians. More than 410,000 trips are taken on the highway each workday, a 74 per cent increase since 1999. Business customers of all types now make up about one-third of the trips on the highway; leveraging the toll road to deliver goods and services on time.
"We're proud to play such an important role in getting Ontarians where they need to go," said Andres Sacristan, 407 ETR President & CEO. "Whether moving valuable goods to a small business, driving to your child's hockey game, or getting to a crucial meeting with a new client, drivers depend on 407 ETR to get to life's big moments safely and on time."
Almost 60 per cent of customers surveyed say that every time they use Highway 407 ETR, they save 20 to 60 minutes per trip. In addition, more than 70 per cent of customers report that the savings they achieve on the toll road in time, fuel and vehicle maintenance costs offset some or most of their tolls.
2018 was a year of major investment, as 407 ETR added a new lane in each direction at the east-end of the roadway, added new bridge structures, resurfaced many kilometres of existing asphalt and concrete lanes. The company also completed a multi-year project to update its roadside technology. Excellent highway maintenance keeps the roadway safe and ensures every driver has a quality trip. While not a requirement of the contract to operate the highway, the company (in addition to paying for all the daily operational costs of policing) invested $7 million in a new Ontario Provincial Police (OPP) Detachment building from which the OPP now operates much closer to the highway. 407 ETR also opened new yard and maintenance facilities to help ensure rapid response to incidents and weather events along the highway.
407 ETR's many multimillion-dollar investment projects continue to demonstrate the value, both in terms of expertise and efficiency, that the private sector can bring as a partner in major public transportation infrastructure.
407 International Inc. is owned by Cintra Global Holding Limited, a wholly owned subsidiary of Ferrovial S. A. (43.23%), by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 40%), and by SNC-Lavalin (16.77%).
For a complete list of tolls and fees, please visit www.407etr.com.
Quick Facts
BACKGROUNDER
2019 Toll Rate and Fee Schedule
The following fees for light vehicles remain the same as 2018:
The following fees for light vehicles are changing on February 1, 2019:
NOTE:
When the entry or exit of a vehicle is not recorded, a calculated toll will be applied. For details on calculated tolls, please visit www.407etr.com.
HIGHWAY 407 ETR TOLL RATES EFFECTIVE FEBRUARY 1, 2019 [$/KM] LIGHT VEHICLE RATES FOR VEHICLES 5,000 kg or less (cars, minivans and SUVs)* | ||||||||
EASTBOUND |
WESTBOUND | |||||||
Zone 1 QEW- |
Zone 2 401-427 |
Zone 3 427-404 |
Zone 4 404- |
Zone 1 QEW- |
Zone 2 401-427 |
Zone 3 427-404 |
Zone 4 404- | |
AM Peak Hours (7:00-9:30 AM) |
0.5105 |
0.5226 |
0.5225 |
0.4429 |
0.4513 |
0.4712 |
0.5040 |
0.5086 |
AM Peak Periods (6:00-7:00 and 9:30-10:30 AM) |
0.4208 |
0.4471 |
0.4392 |
0.3893 |
0.3968 |
0.4118 |
0.4313 |
0.4313 |
PM Peak Hours (3:30-6:00 PM) |
0.4639 |
0.5463 |
0.5763 |
0.5415 |
0.5661 |
0.5134 |
0.5462 |
0.4589 |
PM Peak Periods (2:30-3:30 and 6:00-7:00 PM) |
0.4078 |
0.4535 |
0.4807 |
0.4501 |
0.4808 |
0.4681 |
0.4723 |
0.4039 |
Workday Midday (10:30 AM ? 2:30 PM) |
0.3618 |
0.3719 |
0.3787 |
0.3618 |
0.3618 |
0.3618 |
0.3719 |
0.3618 |
Weekend Midday and (11:00 AM ? 7:00 PM) |
0.3330 |
0.3330 |
0.3330 |
0.3330 |
0.3330 |
0.3330 |
0.3330 |
0.3330 |
Off Peak (7:00 PM ? 6:00 AM)
|
0.2432 |
0.2432 |
0.2432 |
0.2432 |
0.2432 |
0.2432 |
0.2432 |
0.2432 |
*The Heavy Vehicle Rate for vehicles over 5,000 kg (large trucks and buses) is two times the Light Vehicle Rate. |
SOURCE 407 ETR Concession Company Limited
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