The 407 ETR announces 2024 rate schedule following four-year rate freeze
Implementing the 2024 rate schedule comes as traffic levels continue to stabilize with more drivers resuming regular activities like commuting to and from work.
January 2, 2024 | By MRO Magazine
(CNW Group/407 ETR Concession Company Limited) The 407 ETR signalled the end of a four-year rate freeze by announcing a new rate schedule that comes into effect on Feb. 1, 2024. All other fees remain unchanged.
407 ETR’s rate schedule is updated annually, however tolls were frozen at February 2020 levels at the onset of the COVID-19 pandemic. Implementing the 2024 rate schedule comes as traffic levels continue to stabilize with more drivers resuming regular activities like commuting to and from work.
“407 ETR remains committed to providing the exceptional service we’re known for both on and off the road,” said 407 ETR President and CEO, Javier Tamargo. “Since 1999, traffic on the highway has grown by over 70 per cent. Ontarians continue to recognize the value of a safe, fast and reliable commute.”
407 ETR’s new rate schedule for light vehicles reflects an increase of one to 11 cents per kilometre depending on the time of day and zone travelled.
The majority of 407 ETR’s personal customers can expect a monthly bill increase of less than $5. The company continues to invest in the operation of the highway including ongoing maintenance, 24/7 highway monitoring, roadside assistance, winter operations and policing and enforcement.
