Side deal to share Gordie Howe toll profits with U.S. doesn’t include provision for debt repayment
A new side agreement between Canada and the US regarding the Gordie Howe International Bridge stipulates that half of the net toll revenues will be directed to a US-run economic development fund. However, the deal does not account for debt repayment, contradicting earlier statements by Prime Minister Mark Carney.
Why it matters
The lack of debt-servicing provisions in the revenue-sharing agreement raises questions about the long-term financial viability and transparency of the infrastructure project.
Canada solely financed the $6.4-billion Gordie Howe International Bridge, which connects Windsor and Detroit. Paul Sancya/The Canadian Press
The article focuses on financial policy and government transparency, citing official sources and contrasting them with political statements.
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