The prime minister has said he U.S. immediately gets some share of revenues contrary to the original deal, but has been pressed to clarify how much
Prime Minister Mark Carney continued to face questions on Thursday about the financial details of a deal his government made with the United States to open the Gordie Howe International Bridge on July 27. In particular, Carney was pressed on what share of the tolls will go to each party, given that originally Canada was to receive all the tolls until it was fully repaid for fully financing the bridge, after which the two countries would split the revenues. The terms of the new deal, agreed to last week, have not been disclosed by either the Canadian or U.S. government.
Carney has said the new arrangement will see the U.S. immediately getting some share of revenues, but has been pressed to clarify exactly how much. “We will split net revenues over the course of the first 15 years, and those net revenues are after operational costs,” said Carney, during a press conference in London, Ont. on Thursday.
“It’s manning the toll booths, it’s maintenance, it’s snow removal, a series of other operational costs.” But Bloomberg News reported this week that a U.S. official contradicted that and that interest costs will not be included in the calculation. The prime minister made no
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reference to debt-servicing costs in his comments on Thursday. The connector from Windsor, Ont. to Detroit, 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. The construction was financed by Canada at a cost of $6.4 billion and an agreement was struck with Michigan to allow Canada to receive all the revenue until it could recover those costs. Michigan and Canada are joint owners of the bridge. In February, U.S. President Donald Trump said he did not agree with those terms of the deal and eventually blocked an opening ceremony that was scheduled to take place in June after construction had completed, reportedly on the urging of U.S. Treasury Secretary Howard Lutnick. On Friday, Ottawa announced that an agreement had been reached to open the bridge on July 27. On Saturday, U.S....
Read original source- Published
- Jul 16, 2026
- Updated
- Jul 16, 2026
- Source
- National Post
- Category
- Canada
- Read time
- 3 min
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