TORONTO, Ont. — Ontario Liberal leader Dalton McGuinty is promising to roll back toll prices on the 407 if his part wins the looming provincial election.
McGuinty insists the move against the consortium that runs the toll highway won’t result in a costly legal battle.
Tolls on the highway that runs across Toronto’s northern edge have soared by between 30 to 203 per cent – depending on the time of day – in the 40 months since the government sold the highway to the consortium that includes SNC Lavalin and Australian and Spanish partners.
When the $3.12-billion sale was announced, the government said in a press release the tolls could be adjusted by two per cent per year plus inflation – or three cents per kilometre-during the first 15 years.
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