TORONTO, Sept. 3 /CNW/ - 407 ETR announced today the creation of a
$125,000 York University scholarship fund that will support York students in
graduate studies for years to come.
"407 ETR is used by thousands of students, staff and faculty every day,"
said Antonio de Santiago, President and Chief Executive Officer of 407 ETR.
"Providing a scholarship that will benefit students and our community year
after year is our way of saying thanks."
The $125,000 endowment fund will generate $5,000 annually, starting this
semester. 407 ETR's $5,000 gift will then be matched two-to-one by the Ontario
Graduate Scholarship Program, providing a total of $15,000 to each year's
The scholarship is just one more way in which 407 ETR gives back to the
communities it serves. The company has also donated $125,000 to SickKids
Hospital and supports numerous other charities, organized sports and disaster
"We are grateful that 407 ETR has chosen to support York University
students through the creation of this scholarship fund," said Paul Marcus,
President and CEO of the York University Foundation. "Ontario Graduate
Scholarships are essential, offering increased access to education and
recognition of achievement. This generosity will make an enormous difference
in the lives of our graduate students."
About 407 ETR
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.
About York University Foundation
The York University Foundation is dedicated to supporting York
University's academic and research mission. In 2002, the Foundation was
established as an innovative model for educational fundraising in Canada.
About York University
York University is the leading interdisciplinary research and teaching
university in Canada. York offers a modern, academic experience at the
undergraduate and graduate level in Toronto, Canada's most international city.
The third largest university in the country, York is host to a dynamic
academic community of 50,000 students and 7,000 faculty and staff, as well as
190,000 alumni worldwide. York's 11 faculties and 24 research centres conduct
ambitious, groundbreaking research that is interdisciplinary, cutting across
traditional academic boundaries. This distinctive and collaborative approach
is preparing students for the future and bringing fresh insights and solutions
to real-world challenges. York University is an autonomous, not-for-profit
For further information:
For further information: Dale Albers, Manager, Public Relations, 407
ETR, Tel: (905) 264-5221; Keith Marnoch, Media Relations, York University,
Tel: (416) 736-2100 ext. 22091