Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: September 12, 2008

Project Name: Highway 407 ETR (Road - Round 2)
Year in Operation: 1999
Sector: Technology
Subsector: Roads, Electronic Vehicle ID / Toll Collection
Status: In Operation
Type: Repositioning of Existing Facility
Description: Re-privatization of 407 ETR, following completion of the original project as Design Build with DBO ETC/AVI. Project includes 39 km of extension to the road to the east and west.
Delivery Method as described in the country where it's located: Build Operate Transfer
Is the project still active: Yes
Comments: New Operator took over the old project including the ETC/AVI system, and built substantial extensions to the highway in either direction.

Project Locations

Address:
City: Toronto
State: Ontario
Country: Canada

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: $CDN 2.575 Billion in debt.

Checkbox Checked

From Producers as Equity: $CDN 500 million.

Checkbox Checked

Rated by Standard & Poors: A1

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
99
0
Forms
Description
Other
Form development by Province of Ontario. 

Project Value (If and As Known)

Date of Estimated Project Value: September 12, 2008
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
(none)
> $50 Million US
Construction
$1-5 Billion US
(none)
Operations & Maintenance
$2-10 Billion US
(none)
Total
$2-10 Billion US
(none)

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