Gordie Howe Bridge profit-sharing deal raises questions
Gordie Howe International Bridge profits may split earlier under a new Canada-U.S. deal Canada could recover its investment later, with toll revenue details set to spark debate
A new agreement involving the Gordie Howe International Bridge will split profits from the crossing earlier than planned, according to reporting on the deal between Canada and the United States.
The bridge, which connects Windsor, Ontario, and Detroit, Michigan, was paid for by Canadian taxpayers and is expected to open on July 27 after months of delays. Under the newly reported arrangement, Canada would keep 50 per cent of toll profits after operating costs, while the remaining half would support a U.S.run regional development fund for 15 years.
The change appears to alter the original 2012 understanding, which gave Canada the toll revenue until construction costs were recovered. The revised setup could extend the time it takes for Canada to recoup its investment, and it comes amid strained CanadaU.S. trade relations and ongoing disputes over the bridge's opening.