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ETR407 operators increase revenue in 07

TORONTO, Ont. -- 407 International, owners and operators of the ETR407 toll highway north of Toronto announced reve...


TORONTO, Ont. — 407 International, owners and operators of the ETR407 toll highway north of Toronto announced revenues of $518.9 million for 2007.

That’s an increase from $455.7 million in 2006. Net income and EBITDA were both up in 2007 compared to the previous year.

“The company accomplished two significant milestones in 2007,” said Antonio de Santiago, president and chief executive officer of 407 ETR. “We opened another 49 kilometres of new lanes, completing the addition of over 100 lane kilometres in the past two years improving highway capacity and reducing traffic congestion, and we launched 407 ETR Rewards to our most valued customers.”


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