Truck tolls on Canada’s first privately operated toll road – the 407 Express Toll Route –will decrease by as much as half during off-peak times.
All trucks will see a discount to some degree, Antonio de Santiago,
president and CEO of 407 ETR, stated in a press release issued Tuesday, July 4.
The toll road is operated by the two foreign firms – Cintra and Macquarie – which just closed the deal last week on a 75-year lease of the Indiana Toll Road.
Truck discounts on the 407 ETR will range from 12 cents to 23 cents per
kilometer during off-peak times.
Prior to the discount, tolls were set at 48.75 cents per km during rush
hours, and 46.5 cents during off-peak times. The 407 ETR is 108 km long,
roughly 67 miles.
Off-peak hours are 10 a.m. to 3 p.m. and 7 p.m. to 6 a.m. on weekdays.
Off-peak hours include all weekends and holidays.
The discounts are part of a recent settlement of a dispute between the
407 ETR operators and the Ontario government over toll increases.
Fleets will realize the most benefit, according to the tiered discount
structure and the 407 ETR’s electronic toll-collection system. More trucks can
equal more discounts for a company.
About 300 companies qualify for the maximum discount, according to the
407 ETR operators.