TORONTO, March 21, 2012 /CNW/ - The new Highway 407 East is one step closer to becoming a reality for Ontario motorists. Today, the Ministry of Transportation (MTO) and Infrastructure Ontario announced 407 East Development Group is the preferred bidder selected to design, build, finance and maintain phase one of the new Highway 407 East project.
Phase one of the new highway will extend Highway 407 East from Brock Road in Pickering to Harmony Road in Oshawa, connecting Highway 407 to Highway 401 with a new link, the West Durham Link, by 2015.
The selection of 407 East Development Group as the preferred bidder is the result of an open, fair and competitive procurement process. Throughout its bid, 407 East Development Group consistently demonstrated a clear understanding of best practices in designing and building the highway. The consortium's key members include Cintra Infraestructuras S. A. and SNC-Lavalin.
Infrastructure Ontario and MTO will begin negotiating contract details with the preferred bidder and expect to conclude negotiations in spring 2012.
Highway 407 East will be a publicly owned toll road. The province will operate Highway 407 East, establish customer service standards, set toll rates and retain all revenues generated by tolls on Highway 407 East.
Following financial close, Infrastructure Ontario will announce the contract cost.
Infrastructure Ontario is a Crown corporation dedicated to managing some of the province's larger and more complex infrastructure renewal projects - ensuring they are built on time and on budget.
For more information about the procurement of this project, visit www.infrastructureontario.ca.
Bob Chiarelli, Minister of Infrastructure, Minister of Transportation
"Today is an important step forward in our commitment to extend Highway 407 East. This project is part of the McGuinty government's long-term infrastructure plan and demonstrates our commitment to creating jobs, strengthening the economy and building strong communities."
HIGHWAY 407 EAST PROJECT - PHASE ONE
Highway investment supports economic growth
The Ontario government is committed to delivering Highway 407 East.
The goal of the project is to improve the movement of services and goods across Ontario, while helping to build strong communities and a transportation network that will strengthen Ontario's economy.
The project will be built in two phases, totaling 65 kilometres in length. Phase one will extend Highway 407 East from Brock Road in Pickering to Harmony Road in Oshawa and will include:
- A new 10-kilometre West Durham Link, consisting of:
- A new 4-lane north-south highway connecting Highway 407 East to Highway 401
- A freeway-to-freeway interchange at West Durham Link and Highway 401
- Interchanges at Highway 7, Taunton Road, and Dundas Street
- A new 6-lane highway from Brock Road to the new West Durham Link
- A new 4-lane highway from West Durham Link to Harmony Road area
- Interchanges at Brock Road, Lake Ridge Road, Baldwin Street (Highway 7/12), Thickson Road, Simcoe Street and Harmony Road
The process to select a company to build phase one is nearly complete and the project cost will be announced in spring 2012, following commercial and financial close.
Infrastructure Ontario posts copies of its project agreements at www.infrastructureontario.ca.
Highway 407 East will be a tolled highway, owned and controlled by the provincial government. The province will regulate and collect revenues from tolls, and meet customer service objectives.
Highway 407 East is being delivered using Infrastructure Ontario's alternative financing and procurement model. This model transfers appropriate risks associated with designing, constructing, and financing a project to the private sector, ensuring it is delivered on time and on budget.
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For further information:
Ministry of Transportation