TORONTO - The new Highway 407 East is one step closer to becoming a reality for Ontario motorists. Today, the Ministry of Transportation (MTO) and Infrastructure Ontario announced 407 East Development Group is the preferred bidder selected to design, build, finance and maintain phase one of
the new Highway 407 East project.
Phase one of the new highway will extend Highway 407 East from Brock Road in Pickering to Harmony Road in Oshawa, connecting Highway 407 to Highway 401 with a new link, the West Durham Link, by 2015.
The selection of 407 East Development Group as the preferred bidder is the result of an open, fair and competitive procurement process. Throughout its bid, 407 East Development Group consistently demonstrated a clear understanding of best practices in designing and building the highway. The consortium's key members include Cintra Infraestructuras S. A. and SNC-Lavalin.
Infrastructure Ontario and MTO will begin negotiating contract details with the preferred bidder and expect to conclude negotiations in spring 2012.
Highway 407 East will be a publicly owned toll road. The province will operate Highway 407 East, establish customer service standards, set toll rates and retain all revenues generated by tolls on Highway 407 East.
Following financial close, Infrastructure Ontario will announce the contract cost.
Infrastructure Ontario is a Crown corporation dedicated to managing some of the province's larger and more complex infrastructure renewal projects - ensuring they are built on time and on budget.
For more information about the procurement of this project, visit www.infrastructureontario.ca.
Bob Chiarelli, Minister of Infrastructure, Minister of Transportation
“Today is an important step forward in our commitment to extend Highway 407 East. This project is part of the McGuinty government's long-term infrastructure plan and demonstrates our commitment to creating jobs, strengthening the economy and building strong communities.”
Paulette Den Elzen
Ministry of Transportation
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