Abstract
The C$3.1 billion sale of Ontario9s Highway 407 Express Toll Route in May 1999 represents a milestone in the privatization of public infrastructure. This privatization, the largest in Canadian history, is noteworthy not only because of its size but because of the rapid and large value the transaction generated for Ontario. Through the sale of this public asset, the Province of Ontario received more than double its estimated C$3.1 billion investment, even though the road had been opened and tolled for only eighteen months. By tracing the history of the privatization of highway 407, this article highlights the importance of risk allocation and the concession process in the determination of infrastructure privatization prices.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
