TORONTO, Oct. 27, 2025 (CNW Group via COMTEX) --
Report underscores the highway's role in driving economic development and improving quality of life in Ontario
As a majority Canadian-owned company, Highway 407 ETR is more than a toll road â?? it's a vital economic corridor for Ontario. 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. Â
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's the equivalent of 20 days' worth of time. Â
"Transportation infrastructure is often justified by its promise to drive economic growth and improve quality of life â?? but too rarely do we measure whether those benefits are truly realized," says Patrick Miller, Vice President, Steer. "Our independent analysis identified nearly $2 in economic value across the Greater Toronto Area's economy for every $1 spent on Highway 407Â ETR. The report highlights a clear ongoing benefit to commuters, businesses and communities in the region."
The report, commissioned by 407 ETR, also highlights the highway's $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.
"We've always known Highway 407 ETR makes life easier for drivers â?? but this report shows just how far that impact goes," says Jose Espinosa, President & CEO, 407 ETR. "As a majority Canadian-owned company, we're proud to support 1,800 jobs in Canada â?? including our workforce of 550 employees right here in the GTA. 407 ETR contributes nearly half a billion dollars in economic output each year."
Fast facts about the reportThe following 407 ETR findings are based on 2024 data, as analyzed by Steer. They reflect Highway 407 ETR's measurable contributions to Ontario's economy, workforce and quality of life â?? with impacts felt across the GTA and beyond.
Driving economic growth
Locally invested, Canadian jobs
Time saved = value delivered
A smarter, safer way to travel
Connecting communities across the GTA
As part of its broader impact, 407 ETR is continuing to ensure more Ontarians can benefit from faster, safer travel. Through targeted financial assistance programs and promotions, the Company is helping drivers experience the benefits of a faster, safer route â?? while easing congestion across the region.
To explore the full findings and download the report, visit 407etr.com/drivingontarioforward.
About 407Â ETRHighway 407 ETR is an all-electronic open-access toll highway located in the Greater Toronto Area in Ontario, Canada. The highway spans 108 kilometres from Burlington in the west to Pickering in the east.
407 International Inc. is the sole shareholder of 407 ETR and is owned by:
About Steer
Steer is a global consultancy specializing in the critical services and infrastructure that make our world work.
In North America, we partner with public, private, and nonprofit clients to shape the future of transportation, resources, places, and communities. Guided by our vision of a world where these systems work better for everyone, we combine global intelligence with local partnership to deliver practical, impactful solutions that help people, places, and economies thrive.
SOURCE 407 ETR Concession Company Limited
SOURCE: 407 ETR Concession Company Limited
For media inquiries: media@407etr.com, 416-706-1861, 407etr.com/newsroom
COMTEX_469844084/2197/2025-10-27T16:18:00
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