BackgroundConcession Agreement • July 29th, 2020
Contract Type FiledJuly 29th, 2020The concession contract entered into between the Provincial Government of Ontario and the 407 Concession Company represented one of the first design-build-finance-operate and maintain (DBFOM) contracts in North America. The contract also included the privatization of the public agency that had built the first segment of the project. The project served to accelerate the development of the eastern and western segments of the Highway 407.