Spurred the creation of more than 13,000 new jobs, thereby contributing to the creation of employment in Canada and stimulating its economic growth.
The Ontario Ministry of Transportation and Infrastructure Ontario selected the 407 East Development Group (407EDG), a consortium led by Cintra, to design, build, finance and maintain Highway 407 East Phase 1 in 2012.
Completed in 2016, the project included the new construction of 19 miles of highway east of Highway 407 (407 ETR), the realignment of 3.1 miles along the corridor, 31 major water-crossing structures, 16 road crossings, 11 interchanges including two highway-to-highway interchanges and nine interchanges with local roads. The highway now consists of six lanes from Brock Road to Highway 412, four lanes from Highway 412 to Harmony Road and four lanes along Highway 412.
The 407 East Extension Phase 1 project is helping relieve congestion and support the efficient movement of people and goods through the eastern Toronto Area and beyond. This toll road also plays a key part in the economic development of the eastern end of the GTA (Greater Toronto Area) as it continues to create opportunities for business, and accommodate population and employment growth.
|Facility Type:||Toll road|
|Start of Concession:||2012|
|End of Concession:||2045|
|Term of Concession:||33 years|
|Concession Company:||407 East Development Group|
|Client:||Ministry of Transportation of Ontario (MTO)|
|Equity Structure:||50% Cintra Infraestructuras SA; 50% SNC-Lavalin|