TORONTO, Dec. 28 /CNW/ - 407 ETR announced today that light-vehicle tolls
during peak hours will increase by 1.65 cents per kilometre on February 1,
2008. Combined with more lanes added in 2006 and 2007, the new rates will help
keep traffic flowing on the highway.
"Highway 407 was built to be an express route which offers a fast, safe
and reliable trip," said Antonio de Santiago, President and Chief Executive
Officer of 407 ETR.
"We keep traffic moving by adding new lanes and setting toll rates which
balance affordability with keeping traffic moving," said de Santiago, noting
that 407 ETR has invested over $200 million since 2003 to add over
100 kilometres of new lanes between Highways 401 and 404.
Currently, rates on the highway vary based on vehicle size, time of day,
transponder use and distance travelled. Starting February 1, 2008, peak rates
on the highway will also vary slightly based on the section - or zone - of the
highway travelled. The Regular Zone will be between Highway 401 and 404 - the
busiest section of the highway where lanes have recently been added. The Light
Zone is the remainder of the highway, from the QEW in Burlington to Highway
401 and from Highway 404 to Brock Road in Pickering.
The Regular Zone peak rate for light vehicles (cars, motorcycles and
SUVs) will be 19.25 cents per kilometre. The Regular Zone peak rates for heavy
single unit vehicles (trucks) and heavy multiple unit vehicles (18-wheel
trucks) will be 38.50 cents per kilometre and 57.75 cents per kilometre,
respectively.
For Light Zone and Off-Peak rates, please see attached chart for full
toll rate details.
For over 800,000 transponder customers, 407 ETR will offer a 30 percent
discount on the transponder lease fee to those customers who choose an annual
transponder lease fee, rather than a monthly fee.
407 ETR Concession Company Limited ("407 ETR") is the operator and
manager of Highway 407, which extends 108 kilometres 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.2008 Toll Rates
(Prices in Cents per Kilometre)
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Vehicle Class Peak Rate Peak Rate Off Peak and
Regular Zone Light Zone Night Hours
(Highway 401 to 404) (Rest of Highway) (Entire Highway)
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Light Vehicles
(Cars, Minivans, 19.25 19.0 18.0
SUVs)
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Heavy Vehicles
(Large Trucks) 38.50 38.0 36.0
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Heavy Multiple
(Tractor trailers) 57.75 57.0 54.0
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- Peak Hours are weekdays between 6 a.m. and 10 a.m. and 3 p.m. and
7 p.m.
- Off-Peak Hours are weekdays between 10 a.m. and 3 p.m. and 7 p.m. and
6 a.m., as well as holidays and weekends
For further information: Dale Albers, Manager, Public Relations, Tel:
(905) 264-5221
