Where to from Here by Bill Morneau

Author:Bill Morneau
Language: eng
Format: epub
Publisher: ECW Press
Published: 2023-01-17T00:00:00+00:00

30 Wynne’s negative response to toll roads in the province was undoubtedly linked in some manner to the experience with Ontario’s Highway 407. Initially created as a toll road, the plan had been to charge tolls only until the capital investment had been recovered, estimated to take 35 years, at which point it would function toll-free like other superhighways in the province. In 1999 then-premier Mike Harris, a Conservative, granted a 99-year lease to a Quebec consortium, which sold the lease at a substantial profit to Cintra Global S.E., a subsidiary of Spanish firm Ferrovial S.A. Although Premier Harris promised there would be no increase in toll rates, they have risen steadily. The rise in tolls could have been handled with a better contractual agreement, but, with its automatic tracking of traffic and absence of toll booths, the 407 has proven the mechanics are feasible and beneficial.

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