Canada's PM Carney says Gordie Howe bridge tolls won't be split with U.S. until the $6.4B of debt is repaid
Canadian Prime Minister Mark Carney announced that toll revenues from the new Gordie Howe International Bridge will not be shared with the United States until the project's $6.4 billion debt is fully repaid. The bridge is scheduled to open on July 27 following delays.
Why it matters
The financial structure of this major infrastructure project impacts cross-border trade relations and fiscal accountability between Canada and the U.S.
July 16 | Duration 2:17 Prime Minister Mark Carney said on Thursday that Canada and the U.S. will be sharing net revenues from the Gordie Howe International Bridge for 15 years, and that he expects that amount to be 'negative to modest' in the first few years. He said the two countries would only split the bridge's tolls after 'all of the debt is repaid.' Social Sharing Prime Minister Mark Carney said Thursday that any money made from tolls on the Gordie Howe International Bridge won't be split with the United States until all Canadian investment in the project is repaid.
The article reports on government policy and statements without taking a partisan stance.
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