How much did the original central section of Highway 407 cost to build?
Ontario Highway 407 is the electronic toll freeway across the Greater Toronto Area, whose 407 ETR section of about 108 km opened from 1997 and was leased for 99 years to the 407 International consortium in 1999 for CAD 3.1 billion, with the 407 East extension from Pickering to Oshawa built later. The Daily Commercial News (9 January 2015) and Wikipedia state that the original 407 was built for CAD 1.5 billion, completed in 1997, while the CAD 9 billion of the earlier snapshot is a 2010 market valuation implied by a stake sale, not a cost.
Reported project cost
CAD 1.5 billion
Approximately $1.08 billion
Cost basis: 1997
Danielle ScottCC BY-SA 2.0
Cost evidence
Basis of the published figure
Reported project cost1997
Project metrics
Key dimensions
- Total lengthFerrovial
- 108 km
Project record
Completed
Daily Commercial News1997