this post was submitted on 12 Oct 2023
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Ontario residents push to halt highway through Greenbelt (www.nationalobserver.com)
submitted 2 years ago by grte to c/canadapolitics
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[–] [email protected] 25 points 2 years ago* (last edited 2 years ago) (2 children)

"underused 407". Well, how do you fix that when it's privately run and the most expensive rolled highway in the world. Lol

[–] Vathsade 22 points 2 years ago (2 children)

Which was sold to a foreign entity by the same government saying it's underused.

The conservative party is such a drain on prosperity for all... and now the leopards are eating the faces of the rurals that voted for them. And they won't learn.

[–] avidamoeba 6 points 2 years ago* (last edited 2 years ago) (1 children)

https://en.wikipedia.org/wiki/Ontario_Highway_407?wprov=sfla1

As of August 2022 and unchanged since 2019, ownership of the 407 ETR Concession Company Limited ("407 ETR"), the operator/manager of the highway, is as follows:

  • Indirectly owned subsidiaries of Canada Pension Plan Investment Board 50.01%
  • Cintra Global S.E., a subsidiary of Spanish firm Ferrovial S.A. 43.23%
  • SNC Lavalin 6.76%

Technically it's majorly Canadian-owned when you add SNC and CPP's ownership. Doesn't change the rest of the point much.

[–] Luci 4 points 2 years ago

But it's so well maintained