{"id":252224,"date":"2025-10-31T11:54:10","date_gmt":"2025-10-31T11:54:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/252224\/"},"modified":"2025-10-31T11:54:10","modified_gmt":"2025-10-31T11:54:10","slug":"canada-pension-plan-part-of-the-majority-ownership-of-407-toll-road-burlington-gazette","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/252224\/","title":{"rendered":"Canada Pension Plan part of the majority ownership of 407 Toll Road \u00ab Burlington Gazette"},"content":{"rendered":"

\"\"By Gazette Staff<\/p>\n

October 30th, 2025<\/p>\n

BURLINGTON, ON<\/p>\n

\u00a0<\/p>\n

In a media release, we were told that: \u201cAs a majority Canadian-owned company, Highway 407 ETR is more than a toll road \u2014 it\u2019s a vital economic corridor for Ontario.<\/p>\n

\"\"<\/p>\n

\u201cMajority owned\u201d caught our eye.\u00a0 Our understanding was that the toll road was owned by foreign interests.\u00a0 Turns out that is not the case.<\/p>\n

Ownership is split three ways:<\/p>\n

\"\"407 International Inc. is the sole shareholder of 407 ETR and is owned by:<\/p>\n

Cintra Global S.E. which is a wholly owned subsidiary of Ferrovial S.A. (48.29%);
\nCanada Pension Plan Investment Board (CPP Investments) and other institutional investors (44.20%); and
\nPublic Sector Pension Investment Board (PSP Investments) (7.51%)<\/p>\n

A new report by global infrastructure consultancy Steer finds that Highway 407 ETR delivers up to $1.2 billion in annual socioeconomic benefits, including time savings, enhanced safety and greater productivity.<\/p>\n

The report quantifies the time savings as $990 million in value for the region. For a five-day-a-week commuter, a round trip on Highway 407 ETR can save up to two hours which adds up to as much as 480 hours annually. That\u2019s the equivalent of 20 days\u2019 worth of time.<\/p>\n

\u201cTransportation infrastructure is often justified by its promise to drive economic growth and improve quality of life \u2014 but too rarely do we measure whether those benefits are truly realized,\u201d says Patrick Miller, Vice President, Steer. \u201cOur independent analysis identified nearly $2 in economic value across the Greater Toronto Area\u2019s economy for every\u00a0 1 spent on Highway 407 ETR. The report highlights a clear ongoing benefit to commuters, businesses and communities in the region.\u201d<\/p>\n

The report, commissioned by 407 ETR, also highlights the highway\u2019s $490 million annual economic output, driven by spending on operations, maintenance and infrastructure. This supports 1,800 jobs and generates $140 million in wages across Ontario and Canada.<\/p>\n

\u201cWe\u2019ve always known Highway 407 ETR makes life easier for drivers \u2014 but this report shows just how far that impact goes,\u201d says Jose Espinosa, President & CEO, 407 ETR. \u201cAs a majority Canadian-owned company, we\u2019re proud to support 1,800 jobs in Canada \u2014 including our workforce of 550 employees right here in the GTA. 407 ETR contributes nearly half a billion dollars in economic output each year.\u201d<\/p>\n

A five-day-a-week commuter making a round trip on Highway 407 ETR saves up to two hours a day or as much as 480 hours a year.<\/p>\n

\"\"<\/p>\n

A smarter, safer and very expensive way to travel<\/p>\n

\u00a0<\/p>\n


\n\"Return <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"By Gazette Staff October 30th, 2025 BURLINGTON, ON \u00a0 In a media release, we were told that: \u201cAs…\n","protected":false},"author":2,"featured_media":252225,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":{"0":"post-252224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/252224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=252224"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/252224\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/252225"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=252224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=252224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=252224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}