Getting some dust on his shoes, the Premier gave the details to the $1 billion 407 EAST extension at the toll highway's maintenance yard in Woodbridge.

He gave the details to the construction that Newstalk 1010 told you about on Wednesday.

The 407 extension won't be like the current section of the toll highway which is privately owned but rather owned by the province. Dalton McGuinty says the difference won't be noticeable: you'll still only need one transponder and the rates will be around the same 25 cents a kilometre. While McGuinty noted nothing is concrete just yet, he assures motorists that prices won't be higher. He reveals the province will have public consultations on the pricing.

While McGuinty can't say how much money this new section of highway will rake in annually, he notes they expected 30,000-40,000 vehicles to use it each day.

The 22 km stretch will start at Brock Rd in Pickering and go until Harmony Rd. in Oshawa. There will also be a north-south highway east of Lake Ridge Road connecting the 407 to the 401.

This will all be built by SNC Lavalin and Cintra and is expected to be complete by 2015.