Sunday May 28 2000
Cobequid Pass is a 45 kilometre twinned, four-lane, wide median highway in Northern Nova Scotia. It is the province's only tolled highway.
The tolls are:
Motorists can purchase an E-Pass, a transponder that attaches to the inside of a windshield. With this, tolls can be paid electroncially without stopping.
E-Passes cost $40 plus tax and can only be purchased at the Toll Plaza
near Sullivan's Lake. For details, call the Plaza at
With an E-Pass the tolls are reduced to:
The operation of the highway will be turned over to the province when tolls are lifted, estimated to be around 2026, approximately 30 years after the highway's opening in December 1997.
The tolls, collected by the Highway 104 Western Alignment Corporation, are used to repay investors and fund annual and long term maintenance.
This highway is one of the first in Canada to be built through public-private partnering.
Highway 104 Western Alignment Corporation
With the funding for Cobequid Pass flowing through the 104 Corporation alone, the highway's debt does not belong to the province of Nova Scotia, nor does the province guarantee the debt. However, because public monies are involved in the highway's financing, and because the 104 Corporation is wholly owned by the Crown, its operations may be reviewed by the Auditor General.
The Highway 104 Western Alignment Corporation is a private company owned by the provincial government. It was created by the Highway 104 Western Alignment Act to manage the financing, design, construction, operation and maintenance of the project. In this way, the financial obligations of the highway are separate from the province's debt.
Atlantic Highways Corporation (AHC) is a subsidiary of Canadian Highways International Corporation (CHIC) of Mississauga, Ontario, and won the tender to construct the highway.
Atlantic Highways Management Corporation (AHMC) is a subsidiary of AHC and is subcontracted by the Highway 104 Western Alignment Corporation to manage the toll operations.
Newcourt Credit Group is a non-bank lending institution in Toronto, and is underwriting the toll revenue bonds for the private financing.