407 East Extension Delayed

The opening of Phase 1 of toll Highway 407 East extension has been delayed until the spring because construction was not finished by the Dec. 18, 2015 scheduled opening date. No substantial completion payment has been made and the bonds issued by 407 East Development Group (407 EDG) to finance the project have been downgraded by one bond rater.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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