Who will build the highways and how much will it cost?

The Highway 407 East project will be built in two phases.

The Province of Ontario selected 407 East Development Group (407EDG) to design, build, finance, and maintain Phase 1 for a 30-year period. The contract with 407EDG is for a fixed price of $1 billion in 2012 dollars.

The Province of Ontario selected Blackbird Infrastructure Group (BBI) to design, build, finance, and maintain Phase 2 for a 30-year period. The contract with BBI is for a fixed price of $1.2 billion in 2015 dollars.