SoVote

Decentralized Democracy

Ontario Assembly

43rd Parl. 1st Sess.
April 5, 2023 09:00AM
  • Apr/5/23 3:10:00 p.m.
  • Re: Bill 91 

The 407. Oh, my God, the 407. The Conservatives keep boasting about how they won 84 seats, and, I’ve got to say, I don’t know how you won it, because you won most of the seats in the 905, and the 407 goes right across the 905.

When the NDP started building the 407, it was going to be a toll highway, but it was publicly controlled, and after 20 years, the tolls would come off because it would have been paid for. The Conservatives sold it to a private Spanish conglomerate for $3 billion and gave them a 100-year lease. So people in the whole 905, who for some reason are electing Conservative MPPs, are paying these outrageous fees. If the NDP had stayed in power, there would be no tolls anymore on the 407 because the drivers already paid for it. The drivers already paid for it. But, because of the Conservatives, they’re going to be paying for it for another 70 years.

The Conservative government of the day sold the 407 for $3 billion, and the Premier at the time, Premier Harris, said, “Oh, well, we can regulate how much they’re going to charge.” Then it went to court and it turns out we can’t regulate how much they’re going to charge. And so, the 407, which was initially supposed to be a public highway and eventually, after 20 years, was going to be free, became this privatized highway that people are going to be paying for for 100 years.

The value to the investors—and this is what it’s really about—is that highway is now worth $45 billion. The Conservatives sold it for $3 billion, it’s now worth $45 billion, and somehow, you get elected in the 905 by all those poor people who have to pay those outrageous fees on the 407. I don’t know how you do it.

325 words
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