407 ETR opens new lane between Markham Road and York-Durham Line
September 25, 2019 By Newswire
Sept. 25, 2019, Toronto – 407 ETR opened 14 new lane kilometres on Highway 407 ETR between Markham Road and York-Durham Line. There is now an additional lane in each direction to improve the flow of traffic for drivers.
This marks the second year in a row that 407 ETR has opened new lanes on the highway and signifies its ongoing investments to enhance and expand the roadway. Since privatization, 407 ETR has virtually doubled Highway 407 ETR’s footprint, adding over 567 kilometres of roadway since 2001. This work has been completed in an efficient manner to keep traffic moving – and at no cost to taxpayers.
This is good news for drivers using Highway 407 ETR and surrounding communities. A recent report by the Canadian Centre for Economic Analysis highlighted the economic benefits that Highway 407 ETR has contributed to the Greater Toronto Area and the Province of Ontario. The report found that 407 ETR’s investment has contributed $14.1 billion to Ontario’s GDP and has saved 577 million hours of driving time – worth over $20 billion.
“The company continues to take enormous pride in the investments made to maintain an excellent quality roadway and the benefits those investments have had on the quality of life and economy of surrounding regions and Ontario,” said Andres Sacristan, president and CEO of 407 ETR. “The highway is a great time saver for drivers, saving people tens of millions of hours of driving (often stuck in traffic elsewhere) each year, allowing them the time to do the things that matter most. The highway is also a magnet for economic activity and growth as Highway 407 ETR supports almost $725 million in economic benefits annually.”
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