TORONTO, May 6 /CNW/ - This week, 407 ETR and its 450 employees
celebrated a significant milestone - its 10th Anniversary. Tuesday, May 5,
2009 marked 10 years since 407 ETR Concession Company Ltd. took over the
management and operation of the highway.
"Looking back over the past 10 years, our growth and improvement have
been phenomenal," said Antonio de Santiago, 407 ETR's President and Chief
Executive Officer. "Not only are we helping drivers reach their destination
quickly and safely, we are providing a world-class highway and outstanding
"We have made significant investments to enhance 407 ETR and relieve
congestion on other routes," said de Santiago, including:
- $3.1 billion paid to the Ontario Government in 1999, which retired
the debt from the construction of the initial section of the highway
and returned an additional $1.5 billion to the provincial treasury
- $1.18 billion spent on extensions, interchanges and lane expansions
- Construction of 420 new lane kilometres and 74 ramps
- East and West extensions completed 20 years ahead of schedule
- Over $2 billion of savings to Ontario taxpayers in operating costs
and expenses paid for by the company since 1999
- $70 million commitment to build new lanes in 2009.
"When we took ownership of the highway in 1999, the company faced many
unknowns," continued de Santiago. "We were managing the world's first
all-electronic, barrier-free toll highway, which meant working with new
leading-edge technology, as well as introducing the concept of toll roads to
Ontario. We faced some challenges in our early years, but through our
investments in both the highway and customer service, we are delivering better
service than ever before."
407 ETR has invested over $110 million in call centre and customer
service upgrades. In 2008, the company, along with the Ontario Ministry of
Transportation (MTO), was awarded a National Award for Innovation and
Excellence by the Canadian Council for Public-Private Partnerships (CCPPP) in
the Service Delivery category. In January 2009, 407 ETR achieved ISO 9001:2000
certification by demonstrating it has a world-class quality management system
in place to provide service that meets or exceeds international standards.
As a result of this commitment to customer service, 407 ETR is the choice
for 375,000 drivers each work day. Since 1999, there has been over 980 million
trips on the highway and 19 billion vehicle kilometres travelled (VKT). Total
VKT over the past ten years equals 63 roundtrips between the Earth and the
"407 ETR is critical to Ontario's highway system," remarked de Santiago.
"We are very proud of the difference the highway has made in our customers'
lives and we thank them for choosing us."
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.
For further information:
For further information: Steve Spencer, Director, Communications, 407
ETR, Tel: (905) 264-5232, email@example.com