Gordie Howe bridge deal text confirms Canada is splitting toll revenue with U.S.
OTTAWA — The proposed agreement in principle for the Gordie Howe International Bridge confirms that Canada will share half of net toll revenues with the U.S. for the first 15 years.
Prime Minister Mark Carney said last week that Canada and the U.S. would share net revenues from the Gordie Howe International Bridge after operational costs for 15 years, but the two countries would only split the bridge’s toll revenue after “all of the debt is repaid.”
“It’s a good deal for both sides, it gets things moving,” said the prime minister.
Details of the deal, shared on the Gordie Howe International Bridge website, don’t mention debt repayment.
