407 ETR announced today that it has launched a savings program for heavy vehicles that frequently use the highway.
The program reduces the Video Toll Charge and also provides toll rate reductions of up to 50 per cent during night-time, weekend and off-peak hours. Since it encourages usage during off-peak hours, this program will benefit truckers and improve peak-hour traffic flow for all customers.
“This is good news for truckers who frequently use 407 ETR and it offers real savings,” said Antonio de Santiago, President and Chief Executive Officer of 407 ETR. “We want to thank them for their usage and reward them for properly managing their account and transponders. Over 10,000 accounts, representing tens-of-thousands of trucks, will benefit from this savings program.”
Eligibility is based on the customer’s payment history, usage of the highway and use of a transponder on every trip. By law, all vehicles with a gross weight or registered gross weight of over 5,000 kilograms must use a properly mounted heavy vehicle transponder. Using these criteria, heavy vehicle customers may qualify for one of the following tiers in the program:
Tier 1
- 50% off night-time and weekend toll rates
- 25% off off-peak toll rates
- waived Video Toll Charges
Tier 2
- 25% off night-time and weekend toll rates
- 10% off off-peak toll rates
- 70% reduction on Video Toll Charges
Tier 3
- 70% reduction on Video Toll Charges
Customers in the top two tiers were sent notification of the program in June so they could take immediate advantage of the program which started on July 1, 2006. Customers will see their specific savings on each monthly bill.
407 ETR Concession Company Limited (“407 ETR”) is the operator and manager of Highway 407, which extends 108 kilometres east-west, just north of Toronto. 407 International Inc., the sole shareholder of 407 ETR, is owned by a consortium comprised of Cintra Concesiones de Infraestructuras de Transporte, Macquarie Infrastructure Group and SNC-Lavalin.
For more information, contact:
Media:
Dale A. Albers
Manager, Public Relations
Tel: 905-264-5221
