Ontario Premier won’t rule out buyback of Highway 407, valued at $29-billion

Ontario Premier Doug Ford says his government is not ruling out an attempt to buy back the privately-controlled Highway 407 toll road, a purchase meant to battle traffic in the Greater Toronto Area that could cost close to $29-billion.Mr. Ford made the comments Wednesday in the face of questions about his proposal to build up to 60 kilometres of tunnels for roads and transit underneath the busy stretch of Highway 401 that runs through Toronto. Tunnel engineers have told The Globe and Mail that it could cost a minimum of between $60-billion to $120-billion at its full length. Traffic engineers have warned it would soon clog with drivers and not solve congestion.