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Gordie Howe bridge opening deal: What we know and don't know
Canada will share 50% of Gordie Howe Bridge toll profits with the United States for 15 years to satisfy Washington’s demands.
On Friday, the United States and Canada reached a deal to open the Gordie Howe International Bridge on July 27, ending months of uncertainty after President Donald Trump threatened to block the project.
Demanding better terms for the $6.4 billion project, President Trump previously intervened to halt the opening, overriding Canada's initial plan to recoup costs over 50 years.
Canada will share 50 per cent of net toll profits under the new 15-year agreement, which creates "an incentive for both countries to make the bridge profitable."
PMO Deputy Director of Communications Audrey Champoux confirmed the deal is an "agreement in principle" as officials finalize legal details, allowing the Windsor Detroit Bridge Authority to "commence necessary preparations."
Amid broader cross-border tensions, the new pact aims to smooth trade corridors despite previous lobbying against the project by the Moroun family, who own the rival Ambassador Bridge.
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CP Newswatch discuss Carney’s clarification of the Gordie Howe bridge deal, outlining 15-year net revenue sharing after debt and costs amid U.S. pressure that delayed the opening