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Or sign-in if you have an account.Prime Minister Mark Carney speaks during a press conference at General Dynamics Land Systems in London, Ont. on July 16, 2026. Photo by Geoff Robins/The London Free PrePrime Minister Mark Carney says there will possibly be little revenue to share with the United States in the first few years after the Gordie Howe International Bridge finally opens between Windsor, Ont., and Detroit because the tolls will not be split until the $6.4-billion cost fronted by Canada has been fully repaid.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.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.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.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.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.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“We expect that after those costs, for the first few years, net revenues will be modest,” Carney told reporters Thursday during a media event in London, Ont. “In fact, we expect them to be negative as traffic ramps up. So, negative to modest in the first few years.”In a deal hashed out by the two countries, they agreed to share the net revenues after operational costs over the course of the first 15 years.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againCarney did not respond to further questions about how those revenues would be divided, but said operational costs include running tollways, regular maintenance, snow removal and more.This is good for Canada, good for the United StatesHe also said the portion allotted to the U.S. government once revenue-sharing begins will be reinvested in regional economic development in the area surrounding the bridge, which will ultimately benefit Canada by driving more traffic to the bridge.“The incentives are aligned here because the reinvestment in regional economic development on the Michigan side, mainly the Michigan side,” he said. “That’s obviously good for Michigan, but it’s also good for Canada because it’s going to reinforce the traffic.”The bridge is now scheduled to open July 27 after its planned June launch was delayed at the request of the Donald Trump administration. At the time, Carney said Canada agreed to postpone the opening to give both countries time to resolve outstanding issues. Ottawa and Washington have since reached the revenue-sharing agreement, though the finer details have not yet been made public. The Gordie Howe International Bridge is shown from Windsor on Monday, July 13, 2026. Photo by Dan JanisseThis is not the first time the future of the international border crossing has been thrown into uncertainty. Earlier this year, Trump threatened to block the Gordie Howe bridge, saying Canada should cede at least a 50 per cent stake in the publicly owned crossing to the U.S.It was later reported that Trump’s comments followed a US$1-million donation from Matthew Moroun, whose family owns and operates the nearby Ambassador Bridge. The Moroun family has been a long-time opponent of the Gordie Howe bridge, which is expected to drive cross-border traffic away from the Ambassador Bridge once it opens.On Thursday, Carney said the underlying agreement established in 2012 between Canada and Michigan, which jointly own the bridge, remains in place. In exchange for Ottawa agreeing to pay the full cost of the bridge, Canada will be repaid through toll revenue once the bridge opens.“We’re very pleased that the prospects of this bridge . . . opening later this month,” he said. “This is good for Canada, good for the United States, both in the short term and the long term.”With files from Jonathan Juha. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.