According to a press release, 407 International have said that the Ebitda (a term which refers to the earnings before interest, taxes, depreciation and amortization) totaled $ 840 million, an increase of 14.1% on the previous year. The company revenue for last year totaled 1,002.2 million, a whole 12.9% more than in 2014.
This increase in revenue was partly due to the record number of trips taken on the highway last year as well as the number of vehicles and kilometers recorded on the highway. The EFE press release states that the number of trips taken on the highway in 2015 was 30.8 million with the average revenue per trip totaling 8.16 Canadian dollars. The figure for the number of vehicles / km was 634.9 million.
The 407 International is owned by Cintra Infraestructuras (a subsidiary of Ferrovial) which controls 43.23% of the company alongside Canada Pension Plan Investment Board who have a 40% stake and the Canadian engineering firm SNC-Lavalin who own 16.77% of the company.
Cintra was awarded the concession for the 407 ETR in 1999 for a period of 99 years. The freeway has a length of 108 kilometers long and circles the city of Toronto from east to west by the north.
Read more about Ferrovial’s Toll Roads