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www.insideHALTON.com | OAKVILLE BEAVER | Thursday, November 5, 2015 | 38 NOTICE OF SUBMISSION ­ DESIGN AND CONSTRUCTION REPORT Queen Elizabeth Way (QEW) and Highway 403 Structures Trafalgar Road to Winston Churchill Boulevard (G.W.P. 2163-10-00) THE PROJECT The Ontario Ministry of Transportation (MTO) is undertaking the Detail Design to rehabilitate or replace existing bridges and pavement on the QEW in the vicinity of the QEW/403/Ford Drive interchange. Ultimate platform widening will be incorporated, where feasible with the intent that the work at this interchange and the adjacent QEW is complete until future widening is required. The project also includes the rehabilitation of the underpasses at the Highway 403/Dundas Street interchange. The work is being constructed under two (2) contracts. The first contract is planned for construction in 2016-2017 and includes: · Rehabilitation of the Dundas Street underpasses; the QEW-Ford Drive east-to-north/south off-ramp underpass, at Highway 403; and, rehabilitation of the Joshua's Creek culvert · Replacement of the QEW westbound overpass, at the Highway 403 ramp, on a new alignment · Reconstruction/realignment of a portion of QEW westbound lane including provision for future HOV lane · Construction of a westbound collector from Ford Drive to QEW merge, including extension of the Joshua's Creek culvert · Construction of long term detours for Highway 403/QEW north-to-west ramp and QEW westbound lane Construction staging will consist of maintaining 2 lanes on Dundas Street in each direction and reducing the Ford Drive off-ramp from 2 lanes to 1 lane. There will be a reduction from 3 lanes to 2 lanes on the QEW to Hwy. 403 ramp in the first construction year. At all other sites, standards that meet or exceed existing conditions will be maintained during construction, with minor exceptions. Isolated night work with lane closures and ramp closures will occur. THE PROCESS The project was carried out in accordance with the approved environmental planning process for Group `B' undertakings under the MTO's Class Environmental Assessment (Class EA) for Provincial Transportation Facilities (2000), with the opportunity for public input throughout. A Public Information Centre was held in June 2015 to present the proposed improvements, and the construction staging/traffic management requirements. The Design and Construction Report (DCR) has been prepared to document the final design, construction staging, traffic management, and environmental mitigation measures for Contract 1. The DCR is available for a 30-day review period from November 5, 2015 to December 7, 2015 and can be reviewed at the following locations during normal hours of operation: Ontario Ministry of Transportation Central Region 159 Sir William Hearst Ave., 3rd Floor Toronto, ON Mon. to Fri.: 8:30 a.m. to 5:00 p.m. City of Mississauga Office of the City Clerk 300 City Centre Drive Mississauga, ON Mon. to Fri.: 8:30 a.m. to 5:00 p.m. Ministry of the Environment and Climate Change Central Region Office 5775 Yonge Street, 8th Floor Toronto, ON Mon. to Fri.: 8:30 a.m. to 5:00 p.m. Town of Oakville Office of the Clerk 1225 Trafalgar Road Oakville, ON Mon. to Fri.: 8:30 a.m. to 5:00 p.m. Regional Municipality of Halton Office of the Clerk 1151 Bronte Road Oakville, ON Mon. to Fri.: 8:30 a.m. to 4:30 p.m. Oakville Public Library 2860 Kingsway Drive Oakville, ON Mon. to Thurs.: 9:30 a.m. to 9:00 p.m. Fri.: 9:30 a.m. to 5:00 p.m. Sat.: 9:30 a.m. to 5:00 p.m. Sun.: 1:00 p.m. to 5:00 p.m. Research conducted by York U professor continued from p.36 mission, there is a financial incentive for those mutual funds to be sold to clients. This commissioned method of selling mutual funds is not in the best interest of the investor. The research was done by Professor Douglas Cumming who teaches finance at York University. His research will be used by securities regulators to decide whether to change the fee model of how mutual funds are sold. Changes to how mutual funds are sold in Canada could include an outright ban on trailer fees. This has already happened in England and Australia. Professor Cumming's research is just one more bit of evidence showing the current method of selling funds in Canada is broken. Other information supporting this has been reported in the past. Professor Susan Christofferson of the University of Toronto had similar findings, based on U.S. data, she released in early 2013. The amount of commissions paid to the financial salesperson appears to be the single largest motivator for a fund to be sold. Professor Cumming reported funds that paid trailer fees often had inferior returns. Previous academic evidence has also come to this conclusion. The greatest predictor of mutual fund returns is fees. Higher fees mean lower returns; lower fees mean higher returns. It is just a case of simple arithmetic. If investment returns are used to pay an investment salesperson a trailer commission, then returns are less. It is that simple. Respectfully, it seems as if those who make decisions on regulating the investment business have studied things backwards and forwards since the 1990s. Now is the time to act. In my opinion, the investment industry needs a major overhaul regarding how fees are charged. A good start would to be abolish ongoing trailer commissions. -- Submitted by Peter Watson, MBA, CFP , R.F .P ., CIM, FCSI., Certified Financial Planner COMMENTS Interested persons are encouraged to review the DCR and provide comments by December 7, 2015. If after this time no significant concerns have been identified, construction may commence subject to funding and approvals. The DCR is not eligible for a Part II Order (i.e. `bump-up' opportunity). If you have questions, comments, or accessibility requirements, please contact one of the individuals identified below: Mr. Dave Emery, P.Eng. Consultant Project Director Stantec Consulting Ltd. 200 - 835 Paramount Drive Stoney Creek, ON L8J 0B4 tel: 905-385-3234 (+0 to call collect) fax: 905-385-3534 e-mail: dave.emery@stantec.com Mr. Moin Khan, P.Eng. Senior Project Engineer Ontario Ministry of Transportation 159 Sir William Hearst Avenue, 4th Floor Toronto, ON M3M 0B7 tel: 416-235-5271 fax: 416-235-3576 e-mail: moin.khan@ontario.ca Mrs. Donna Madden, CPT Senior Environmental Planner Stantec Consulting Ltd. 200 ­ 835 Paramount Drive Stoney Creek, ON L8J 0B4 tel: 905-381-3217 (+0 to call collect) fax: 905-385-3534 e-mail: Donna.madden@stantec.com Information will be collected in accordance with the Freedom of Information and Protection of Privacy Act. With the exception of personal information, all comments will become part of the public record. Version française disponible en composant le 905 381-3224 (Tim).