January 2, 2008

Toronto-area toll highway announces rate increase

Toronto, Ontario – 407 ETR, the toll highway in the Greater Toronto Area, will cost an additional 1.65 cents per kilometre during peak hours as of February 1, 2008. The company said that the rates, combined with more lanes added in 2006 and 2007, 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 407 ETR President and CEO Antonio de Santiago. “We keep traffic moving by adding new lanes and setting toll rates which balance affordability with keeping traffic moving.”

Currently, rates on the highway vary based on vehicle size, time of day, transponder use and distance travelled. Starting February 1, peak rates will also vary slightly based on the section or “zone” of the highway travelled. The Regular Zone will be between Highways 401 and 404, the busiest section of the highway where lanes have recently been added. The remainder of the highway is the Light Zone, 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. Heavy single-unit trucks will be 38.50 cents, and 18-wheel trucks will be 57.75. For light vehicles, peak rates in the Light Zone will be 19.0 cents, and the entire highway will be 18.0 cents during off-peak and night hours.

407 ETR has also announced it will offer a 30 per cent discount on the transponder lease fee to those customers who choose an annual rather than a monthly fee.

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