- 407 ETR was established in 1999, when 407 International became the owner of the 407 ETR Concession Company Limited, which is the operator and manager of the highway. The highway extends 108 kilometres east-west across the top of the Greater Toronto Area. ⁶

- The company is owned by indirectly owned subsidiaries of Canada Pension Plan Investment Board (total 50.01%), also known as CPP Investments; Cintra Global S.E., a wholly owned subsidiary of Ferrovial S. A. (43.23%); and SNC-Lavalin (6.76%). ⁹

- The income of 407 ETR is derived from toll revenues, which are based on the distance travelled, the time of day, the vehicle type and the transponder usage. In 2020, the company reported a total revenue of $675 million, a decrease of 44% from 2019 due to the impact of COVID-19 pandemic on traffic volumes. ¹⁴

- The total net worth of 407 ETR is not publicly disclosed, but it can be estimated based on its assets and liabilities. According to its financial statements for 2020, the company had total assets of $8.7 billion and total liabilities of $7.4 billion, resulting in a net asset value of $1.3 billion. However, this does not reflect the market value of the company, which may be higher or lower depending on various factors such as future cash flows, growth prospects, risk profile and market conditions. ¹⁴

- The projects completed by 407 ETR include the construction and expansion of the highway, as well as the maintenance and improvement of the roadway and customer services. Since 1999, the company has invested over $1.6 billion to extend and expand the highway by adding over 600 lane kilometres, 41 interchanges, 236 bridges and over 1,000 cameras on gantry systems. The company has also invested in innovative technologies such as electronic tolling, transponders and mobile app to enhance customer experience and convenience. ¹⁶¹⁷²²

- The investment in Markham by 407 ETR is part of its overall investment in extending and expanding the highway across the GTA. In September 2019, the company announced the official opening of 14 new lane kilometres on Highway 407 ETR between Markham Road and York-Durham Line, adding an additional lane in each direction to improve traffic flow for drivers. This was the second year in a row that 407 ETR added new lanes on the highway in that area. [^20^]

- The number of projects in Markham by 407 ETR is not specified, but it can be assumed that they are related to the construction and expansion of the highway segments that pass through or near Markham, such as Highway 404 interchange, Highway 7 interchange and Markham Road interchange. These projects may involve adding new lanes, bridges, ramps or structures to accommodate traffic demand and growth.

- The number of projects in Ontario by 407 ETR is also not specified, but it can be inferred that they are related to the operation and maintenance of the entire highway that spans across the GTA from Burlington to Pickering. These projects may include repairing and replacing road surfaces and other infrastructure, upgrading tolling systems and customer services, enhancing safety and environmental standards and supporting economic development and community initiatives.

- The number of projects in Canada by 407 ETR is limited to its jurisdiction in Ontario, as it does not operate any other toll highways in other provinces or territories. However, it may have some partnerships or collaborations with other toll road operators or stakeholders in Canada to share best practices or promote innovation in transportation sector.

- The number of ongoing projects by 407 ETR is not publicly available, but it can be expected that they are continuing to invest in improving and expanding the highway to meet customer needs and expectations. According to its website, some of its current initiatives include reducing greenhouse gas emissions by using renewable natural gas for its fleet vehicles, supporting local hospitals and United Way agencies during COVID-19 pandemic, offering discounts and rewards for frequent users and providing traffic updates and trip planning tools through its mobile app.

- The number of employees by 407 ETR is also not publicly available, but according to LinkedIn, it has over 500 employees working in various departments such as engineering, operations, customer service, finance, marketing and human resources. The company also hires contractors and consultants for some of its projects and services.

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(4) Past Construction Projects | 407 ETR. https://www.407etr.com/en/highway/highway/past-co...

(5) Extension & Expansion | 407 ETR. https://www.407etr.com/en/highway/corporate/backg...

(6) Facts & Stats | 407 ETR. https://www.407etr.com/en/highway/corporate/backg...

(7) Investment in 14KM of new lanes – meeting the demand for greater .... https://www.407etr.com/documents/news/2019/News%2...

(8) Home | 407 ETR. https://407etr.com/en/index.html.

(9) My Account Log In | 407 ETR. https://407etr.com/myaccount/Login.jsf.

(10) 407 ETR / Highway 407 Explained | 407 ETR. https://www.407etr.com/en/tolls/tolls/highway407E...

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(14) Ontario Highway 407 - Wikipedia. https://en.wikipedia.org/wiki/Ontario_Highway_407...

(15) Transcript - Answers to your taxable benefit questions - Canada.ca. https://www.canada.ca/en/revenue-agency/news/cra-...

(16) How Much Does 407 ETR Pay in 2023? (126 Salaries) | Glassdoor. https://www.glassdoor.ca/Salary/407-ETR-Salaries-...

(17) What to Do with 407 ETR Debts | David Sklar & Associates. https://davidsklar.com/blog/what-you-need-to-know...

(18) Pay your Bill | 407 ETR. https://407etr.com/en/payments/billing/pay-your-b...

(19) Worst deal ever? The 407 is worth $30B today – Ontario sold it for $3 .... https://ca.finance.yahoo.com/news/worst-deal-ever...

(20) Highway 407 Express Toll Route - Aecon. https://www.aecon.com/our-projects/landmark/highw...

(21) 100 Kilometres of New Lanes Officially Completed and Opened. https://www.407etr.com/documents/news/2007/PKG7A....

(22) 407 ETR Opens New Lane in Each Direction in Area Between Highway 401 .... https://www.407etr.com/documents/news/2020/News%2...

(23) 407 ETR opens new lane in each direction between Markham ... - Newswire. https://www.newswire.ca/news-releases/407-etr-ope...

(24) New Lanes in Markham Mean Even Faster Commute on 407 ETR. https://www.407etr.com/documents/news/2006/Markha...

(25) Highway 407 East - Phase 1 - Infrastructure Ontario. https://www.infrastructureontario.ca/en/what-we-d...

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(27) 407 Express Toll Route (ETR), Ontario, Canada. https://www.transportadvancement.com/projects/407...

(28) How subsidizing trucks to use the 407 could cost Ontario less than .... https://www.cbc.ca/news/canada/toronto/highway-41...

(29) 407 Express Toll Route (ETR), Ontario, Canada. https://www.transportadvancement.com/road-traffic...

(30) 407 ETR lessons of the past shape its future - constructconnect.com. https://canada.constructconnect.com/dcn/news/gove...

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