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I haven't seen the business case or DCF analysis that was done on this so not sure if the bird in hand was worth more than the future birds to be received - the debt paydown opportunity after the Rae government probably looked attractive and may or may not have been worth more than the discounted future cash flows but if it was, they should have built consumer price protections into the contract....plus they likely under-priced it.
Just got the bill last week. The whole two way trip was $94.75, including $16.80 in camera charges. I don't use it enough to get a transponder.There is a trip charge of $3.00 ($1 x 3). I did get off near North York to have lunch with my son. The actual toll charges were $71.00. The bill is for the 407ETR and the 407 (provincially owned, I think).
Maybe I should ditch the transponder and get a new set of Ontario License Plates.
-Don____________
When the 407 first opened the charge was something like $0.04/klick. Now it's 30-40 cents a km, or more, depending on time. I am a regular user of the 407 due to having to drive all over the city every day.In the last 2 years my average monthly bill has risen from about $150 to near $300. My F550 dump truck is considered a "heavy" truck and if it uses the 407 on a busy day we pay almost $1.00 per click. Absolutely rediculous.
1971 Avanti II, 2022 F250 4 dr diesel
'89 Coupe, ,'F550 Dump
'21 Bronco 4-door, 22 Mustang vert
'18 Ecosport, 2018 F-55
'17 F-250, 96 Mustang GT vert
Statement from 407.
“Our equipment can capture the plate image with no issues. We calibrate our systems whenever a new plate appears on the road and we work with the Ontario government when a change like this is made.”
Kevin Sacks
407 ETR
But at the same time they will not publicly say the new plates can't be read. Otherwise there would be line ups at Service Ontario, lol!