President Donald Trump’s administration has reportedly secured a 50% share of toll revenue from the $4.7 billion Gordie Howe International Bridge, clearing the way for the long-delayed Detroit-Windsor crossing to open on July 27 following a new agreement between the U.S. and Canada.
Trump Administration Reaches Toll Revenue Deal With Canada
The Canadian government said late Friday that the two countries reached an agreement on toll governance, transparency and regional investment, ending months of uncertainty over the opening of the Gordie Howe International Bridge, Reuters reported.
A source familiar with the agreement told the publication that the U.S. will receive 50% of the bridge’s toll revenue and will have the authority to veto any toll increase exceeding 10% above current rates.
Canada also agreed to establish a 15-year economic development fund financed by a portion of bridge profits.
