Ontario Premier Considers Highway 407 Buyback Amid Traffic Concerns

Doug Ford's government is exploring the costly option to alleviate congestion in the Greater Toronto Area.

Highway 407, privatized in 1999 for $3.1 billion, is now valued at up to $29 billion.
Doug Ford's government is also studying a tunnel under Highway 401 to reduce gridlock.
Engineers estimate the tunnel could cost between $60 billion to $120 billion.
The province already owns a 22-kilometre stretch of Highway 407 with lower tolls.
Ford has directed speed limit increases on certain provincial highways to 110 km/h.