Highway 407 (pronounced "four-oh-seven") is a tolled 400-series highway in the Canadian province of Ontario. The present highway is owned by 407 ETR Concession Company Limited, which is officially known as the 407 Express Toll Route (407 ETR). However the extension of the tollway (Highway 407 East) will be owned by the province of Ontario. The route begins at the junction of the Queen Elizabeth Way (QEW) and Highway 403 in Burlington, and travels across the Greater Toronto Area (GTA) to Highway 7 and Brock Road (Durham Regional Road 1) in Pickering. Highway 407 is the first electronically operated toll highway opened in the world; there are no toll booths along the length of the highway. Transponders or licence plates are read at entrance and exit points and distances are calculated electronically. Major interchanges along the route include the QEW, Highway 403, 401, 410, 427, 400, and 404.