Cintra's Toronto Toll Highway Posts
2.2% Decline in May Traffic
June
10, 2008
By Brian McGee,
Bloomberg
Cintra Concesiones de
Infraestructuras de Transporte SA,
the toll-road operator controlled by
Spain's
Grupo Ferrovial SA, said traffic
fell 2.2 percent last month on a
Toronto highway that contributed 35
percent of sales last year.
Traffic on the 407-ETR road
dropped partly because May had one
less working day than a year
earlier, Madrid-based Cintra said in
an e-mailed statement late
yesterday. Daily trips declined by
0.5 percent. Traffic is defined as
the number of vehicles multiplied by
the distance traveled.