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Frost__2001,Jan 2 2007, 10:59 AM Wrote:Highway 407 To Raise Rates In 2007
January 2, 2007.

Toronto, Ontario - 407 ETR, a privately-operated electronic toll road in the Greater Toronto Area, has announced that it will increase tolls for light vehicles by 1.35 cents per kilometre, beginning February 1, 2007.

The peak rate for light vehicles, including cars, motorcycles and SUVs, will be 17.6 cents per km; the off-peak rate, during non-rush-hour periods, will be 16.8 cents. Heavy single-unit trucks will pay 35.2 per km in peak rates and 33.6 cents in off-peak, while 18-wheel trucks will pay 52.8 cents and 50.4 cents.

The company says that it has opened 53 km of new lanes in 2006 and will add another 50 km of new lanes, between Highways 427 and 401, in 2007. It will also waive a $10 activation fee on transponders throughout 2007.

The company estimates that a typical 20-kilometre trip will increase from $3.25 to $3.52, and says that the peak hour rate has increased by less than 8 cents over the past nine years.

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My company owns the 407 so its good for my stock shares, but I hate the fact these f***ers keep on raising the fares every freaking year. Atleast we can see the improvements they have made with all the new added lines.