407 International Inc.

Public Finance:Infrastructure

Summary

407 International Inc. owns 407 ETR Concession Company Limited, which is responsible for the operation, management, and expansion of Highway 407 under a 99-year concession, expiring in 2098, and a ground lease agreement with the government of Ontario. Highway 407 is a 108-kilometre electronic toll route that traverses the Greater Toronto Area, the largest metropolitan area in Canada, with a population of about 5.6 million in 2009.