Ontario Premier Doug Ford considers rebuying Highway 407 and proposing a tunnel under Highway 401.

Ontario Premier Doug Ford is contemplating repurchasing Highway 407, a tolled road sold in 1999 for $3.1 billion, currently operated by 407 ETR and partly owned by the Canada Pension Plan Investment Board. Additionally, Ford is exploring plans for a tunnel beneath Highway 401 to alleviate congestion in the Greater Toronto Area. Critics have raised concerns about the costs and feasibility of these projects.

October 02, 2024
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