Highway 407 toll increase coming

Drivers who use Ontario’s Highway 407 will be charged higher tolls starting in February.

The rate for light vehicles using most parts of the road during rush hour will jump to 22.75 cents per kilometre, up seven per cent from 21.35 cents.

Tolls for a lesser-travelled portion of the road between Highway 403 and Highway 401 and between Highway 400 and Highway 404 will be increased to 21.45 cents per kilometre during rush hour, from 20.10 cents.

407 ETR Concession Company Ltd. owns and operates the 108 kilometre east-west highway located north of Toronto. Montreal engineering firm SNC-Lavalin (TSX:SNC) is part of a consortium of companies that owns the road.

The highway says it has budgeted $60 million for new lanes in 2011.