Truckers operating in the Canadian province of Ontario may soon get a break on tolls if they use the 407 Express Toll Route.
The Ontario government and the Spanish company operating the toll road have reached an agreement, following several years of battles and appeals about the control of the toll revenue.
The Liberal Party government promised its constituents it would wrestle control of the tolls back from the private business, but court challenges had been unsuccessful.
The two groups came to an agreement this week to end the court battle and agree to new terms.
“We have successfully resolved our disputes,” said Enrique Diaz-Rato, president of 407 ETR, a company consisting of a 53.2-percent interest by Spanish-based Cintra Concessiones de Infraestructuras de Transporte, S.A. – a company that also has a controlling interest in the Chicago Skyway and Indiana Toll Road.
Diaz-Rato, on the company’s site, www.407etr.com, announced the following terms of the agreement:
- David Tanner, staff writer
david_tanner@landlinemag.com