
Article content
OTTAWA – The new revenue-sharing deal between Canada and the United States for the Gordie Howe International Bridge was released Tuesday evening after criticism over lack of transparency and conflicting messaging from the prime minister.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS
Enjoy the latest local, national and international news.
- Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.
- Unlimited online access to National Post.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles including the New York Times Crossword.
- Support local journalism.
SUBSCRIBE FOR MORE ARTICLES
Enjoy the latest local, national and international news.
- Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.
- Unlimited online access to National Post.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles including the New York Times Crossword.
- Support local journalism.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The full text, released by the Windsor-Detroit Bridge Authority (WDBA), contradicts statements made last week by the prime minister about the terms of the arrangement.
Article content
Article content
Article content
According to the agreement, Canada will give the U.S. 50 per cent of net revenues for the first 15 years, after recovering operating costs. The U.S. share will go into a United States-Canada Economic Development Fund, which will be controlled by the U.S. government.
Article content
Article content
The details come 10 days after the federal government announced the agreement. Missing from the document released on Tuesday is any reference to Canada recouping debt-servicing costs, which had been an issue of conflicting comments from Canadian and American officials.
Article content
Prime Minister Mark Carney had originally told CTV News two days after the deal’s announcement that the split in net revenue with the U.S. would come after accounting for debt-servicing costs on Canada’s financing for the bridge.
Article content
Canada fully financed the construction of the bridge that connects Windsor, Ont., to Detroit, at a cost of $6.4 billion.
Article content
But soon after, Bloomberg News reported that a U.S. official contradicted those terms, saying that interest costs will not be included in the calculation.
Article content
The prime minister then made no reference to debt-servicing costs in his comments last Thursday, when he was asked about the details of the deal. Carney also said he expects net revenues for the first couple of years to be “modest” and even “negative.”
Article content
Article content
On Saturday, U.S. Commerce Secretary Howard Lutnick boasted on social media that the deal would give the U.S. half of net revenues until 2041, and “Our share is before interest and principal.”
Article content
The agreement also confirmed Lutnick’s comments that the U.S. gets a “say in setting the tolls,” specifying that Canada must direct the WDBA to inform and get consent from the U.S. government if toll rate increases exceed 10 per cent in a single fiscal year or if toll rates decrease “below the average of comparable regional crossings.”
Article content
The bridge began construction in 2018 to address the congestion on the privately owned Ambassador Bridge, which handles just over a quarter of all Canada-U.S. trade.
Article content
An agreement that was struck with Michigan in 2012 originally stipulated that Canada was to receive all the toll revenue until it could recover its financing costs, including interest, after which revenues would be shared. Michigan and Canada are joint owners of the bridge.
Article content
In June, U.S. President Donald Trump blocked the opening of the bridge, on the basis that the original deal was unfair to the U.S. The Windsor mayor, among many others, had said the obstruction came as a result of lobbying efforts by the Maroun family, owners of the Ambassador Bridge, which stands to lose toll revenue to a competing trade route.
.png)
2 hours ago
14

















Bengali (BD) ·
English (US) ·