Ontario 's only toll road going up in price

| 1/4/2006

Tolls on the 407 ETR, the Canadian province of Ontario’s only toll road, could increase as much as 9.9 percent during peak hours starting Feb. 1.

The express toll route saw a traffic increase in 2005. It is busiest in the northern part of Toronto, designed and built as an alternate to other congested metro highways. It is privately owned and operated by Cintra Concesiones de Infraestructuras de Transporte S.A.,based in Madrid, Spain.

Tolls on a typical 15-mile stretch, according to the Toronto Star, will increase from $2.99 to $3.25 for cars, motorcycles and SUVs during peak periods. No statistics were given for trucks.

The Ontario Minister of Transportation wants the company to seek government approval before implementing the increase, but the company holds the cards.

The minimum increase for cars is expected to be 8.7 percent, according to Cintra, as quoted in Bloomberg News.