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Ontario approves $1B contract to extend Highway 407

The Ontario government has approved a $1-billion contract to extend Highway 407 east from Pickering to Oshawa.

Premier Dalton McGuinty was in Woodbridge on Thursday morning to make the announcement.

SNC-Lavalin and Cintra Infraestructuras will design, build, finance and maintain the road. The project, which will create 900 construction jobs, will begin in the fall and be completed by the end of 2015.

“We are pleased to have been awarded this very important highway project in Ontario,” said Gilles Laramée, executive vice-president and chief financial officer of SNC-Lavalin Group Inc.

“Once completed, the highway will allow for a better and more efficient transportation and flow of goods between Toronto and eastern Ontario.”

The contract also includes a 10-kilometre north-south highway, east of Lake Ridge Road, connecting Highway 407 East to Highway 401.