DAILY NEWS Aug 29, 2014 10:12 AM - 0 comments

Toronto's toll highway 407 ETR opens new lanes between Hwys 400 and 427

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TORONTO, Ont.--407 ETR has announced the opening of a new lane in each direction, between Highway 400 and Highway 427. 

The new lanes underwent an exhaustive inspection and audit to ensure compliance with Ontario Ministry of Transportation standards, said 407 International.

407 International, the parent company of 407 ETR, announced record traffic in the second quarter of 2014.

"Commuters continue to make a good choice when wanting to save both time and money on their commute," said Jose Tamariz, President and Chief Executive Officer, 407 ETR. "We will continue to serve customers with our award-winning services and the very best in highway maintenance."

While the initial concession lease payment to the Government of Ontario was $3.1 billion in 1999, 407 ETR has since invested an additional $1.4 billion to both extend and expand the highway. 407 ETR extended the highway to the east and west in 2001 (40 kilometres) and then proceeded with a number of highway widening projects to meet traffic demand – bringing the total number of new lane-kilometres added since 2004 to over 220.

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