Why would owners of Hwy. 407 be willing to sell?
Re Letter, Removing tolls on Hwy. 407 would solve a number of problems, Oct. 11
In response to Mark Jessop’s letter, I would say there are a few issue at play here.
The owners of the 407 would have to be willing to sell. (I’m sure they are not.)
The 407 is valued at $30 billion, and it provides the owners approximately $500 million a year.
The majority owner is the Canada Pension Plan Investments Board (50.01 per cent), which means $250 million of this is helping fund pensions. Finally, who would spend that kind of money then terminate the revenue stream? Bruce Katkin, Brampton
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2021-10-19T07:00:00.0000000Z
2021-10-19T07:00:00.0000000Z
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