Today Burlington MPP Jane McKenna asked the President and CEO of the 407ETR, Andres Sacristan to extend the company’s temporary suspension of collections, interest and license plate-denial notices until December 31, 2020.
“As Ontario’s economy begins to re-open, there are many individuals and families who will continue to face financial challenges over the coming months,” said MPP Jane McKenna. “I’m calling on the 407ETR to extend their temporary suspension of collections, interest and license plate-denials until December 31st to further support Ontario drivers during these unprecedented times.”
“Prior to the COVID-19 restrictions, over 400,000 vehicles travelled the 108 kilometre toll highway from Burlington to Pickering every work day,” McKenna said. “Extending these supports to the end of the year will help individuals, families and small businesses better manage the financial burden brought on by COVID-19.”
407 ETR Concession Company Limited is owned by indirectly owned subsidiaries of the Canada Pension Plan Investment Board (total 50.1%), Spanish based Cintra Global S.E, a wholly-owned subsidiary of Ferrovial S.A (43.23%) and SNC-Lavalin (6.76%).
Highway 407 ETR begins at the QEW in Burlington and ends at Brock Road in Pickering where the highway connects to Ontario's provincially-owned toll highways 407, 412 and 418. The Government of Ontario sets and regulates tolls and fees on Highways 407, 412 and 418. 407 ETR establishes the tolls and fees for Highway 407 ETR.