Canada will not share any tolls collected from the soon-to-open Gordie Howe International Bridge until the debt is repaid, Prime Minister Mark Carney said on Thursday.
The bridge is set to open on July 27 after several months of delays. Canada fronted the entire $6.4 billion in costs for the construction and development of the bridge. Drivers must pay a toll to cross it, and under the terms of the original agreement, Canada would have received all toll revenues to cover the cost.
Details of a new deal were announced late last week that would reportedly send about half of the money collected to the U.S., including toll revenues.
“It’s not splitting the tolls of the bridge. It is an agreement for 15 years to split net revenues. Splitting of tolls, any sharing of the toll, won’t happen until all of the debt is repaid,” Carney told reporters on Thursday.
“We will split net revenues over the course of the first 15 years and those net revenues are after operational costs — it’s manning the toll booth, it’s maintenance, it’s snow removal, a series of other operational costs. We expect that after those costs for the first few years, net revenues will be modest.
Get breaking National news
“The underlying agreement that we have with Michigan remains the same.”
- Montreal public health warns of overdose spike as naloxone use reaches last year’s total
- Saskatchewan boosts disaster aid in response to storm-packed spring and summer
- World champion curler, long-time broadcaster Don Duguid dies at 90
- Corus to centralize Calgary, Edmonton news production, some jobs cut
Over the weekend, U.S. President Donald Trump said in a social media post that this new arrangement was “a MUCH BETTER DEAL for America.”
Last month, a scheduled ribbon-cutting ceremony was cancelled, with Carney referring at the time to “a series of technical aspects which we’ll work through with the United States.”
Trump has been pushing for more U.S. ownership of the bridge, which was built and financed entirely by Canada.
Under the terms of the original agreement signed in 2012, the Canadian-run Windsor-Detroit Bridge Authority (referred to as “the crossing authority”) was entitled to set and collect the crossing tolls, and the U.S., or Michigan side of the bridge, could not.
— with files from Global’s Ari Rabinovitch
@ MAGA. You do realize your logo MAGA stands for Make America Great Again, which implies America is not great.
50/50 net revenue, I think it’s a good deal, for those not sure what is going , it’s like giving Trump a “TIP” for every car. Gee, that’s franchise. 🤝
bozo just needed to announce he got a good deal
Not confusing at all. The original deal that Harper signed was that net revenue would not be shared until after the bridge was fully paid off.
The new deal is that Canada is sharing the net revenue once the bridge opens.
Other reports have said that there won’t be net revenue for a number of years until the operating costs of the new bridge are settled.
Going to need more proof Mark. Your lies have interfered with our trust.
Dear RePedoCunts and Seppie RePedoCunts, even with the very clear and very specific information PMMC provided to clear up any confusion there may have been previously, I understand that you STILL don’t understand the words. That’s what happen when you eat all your favourite colored crayons.
“we’re not sharing tolls, we’re sharing all revenue”
OK, this is as clear as mud. Canada gets the toll revenue, or not?
Mark keeps changing his story, but…
“We have your back Mr. Carney, just like we know that you have ours.”
CEO, Canadian Media Producers Association.
Where the toll money goes first: 100% of the toll money collected goes directly to Canada to cover operational costs (like snow removal, maintenance, and staffing toll booths) and servicing/paying down the $6.4 billion construction debt.
What gets split: Only the “net revenue”—meaning the leftover profit after those operational expenses are deducted—will be split 50/50 with the U.S. for the first 15 years.
Because the bridge’s initial years will see high debt-servicing costs and lower traffic ramp-up, the “net profit” pool will be incredibly small (or even negative) at first, meaning the U.S. gets very little actual cash upfront.
Does that clear it up for those who are quick to spout off without doing the research?
OK…that wb acceptable. But giving the US another bag of money or special concession would be completely intiolerable / unacceptable.
@Benny. Respectfully, we were faced with a closed bridge costing billions sitting idle or waiting until Trump leaves. So this is the best deal under the circumstances. We aren’t dealing with a sane country.
Is anyone surprised this story keeps changing? Replaced one failed PM with another. Alberta out!
Ben. What excellent agreement? Carney gave up more to get the bridge opened. He folded like a cheap suit. How are we tearing down Canada by criticizing Carney who can’t negotiate a good deal for Canada.
Exactly. Poilievre and some conservatives want to tear Canada down and criticize an excellent agreement with the US.
@Try this.
USA got a better deal than before. So how did Carney show “backbone” as you tell us? America got more and Canada got less. Carney folded like a cheap suit.
@Bev McCagherty
Quiz question: the bridge brings revenue via tolls
You’ve been duped
Read the article
Carney says the revenue will be shared
LOL
Carney kissed the MAGA ring to get the bridge open. Hilarious walk down by fraud Elbows Up Carney.
A far more informative article on the agreement result. Splitting the net after costs is a far superior outcome to splitting the tolls. As Carney indicates, the net after costs will be minimal.
Carney using shyster banker talk to try to make us believe that he didn’t cave.
Brookfield made out really well
Canadian taxpayers not so much
Any thing Carney says doesn’t change the fact he caved.Another effin concession. The U. S. couldn’t afford to pay their part of the bridge in the first place, Governor Snyder came over to Canada to pitch the deal, asking Canada to pay for the bridge. We get screwed. What’s the point of a signed written agreement, if it’s not worth the paper it’s written on. The U.S. is untrustworthy ally. Does Carney know the difference between elbows up and down on your knees.
Finally, some backbone from Carney. Who would have believed that he is sticking to the original agreement. Canada paid for the bridge, so after the operating costs are deducted from the tolls collected, the money first goes to repay the cost of the bridge, If it is paid off before the 15 years, then we will share the extra revenue with the US. – just as originally agreed.
He stood up to Trump. – I wonder what the toddler’s reaction will be. I guess we will find out on Tuesday…
Why did Canada agree to cover the cost of building the bridge in the first place. Carney again trying to sound tough but if Trump closes the US side then there won’t be any tolls to collect. The US hasn’t had the use of the bridge so far so they won’t miss it for a while longer.
More double speak and gaslighting from Carney. The end result is that Canada does NOT get the amount of revenue from the tolls that it was supposed to get to pay for the costs of construction. Yet again Carney has been out maneuvered by Trump and is trying to act like he got something when in fact he lost revenue and it will take us twice as long to pay for the bridge, all the while the US is getting 50% of the revenue from the tolls. Mr Elbows Up fails yet again.
Yet another flip flop by Carney. Why not show the agreement so all the questions can be clarified. What happened to “Elbows Up”.
“It’s not splitting the tolls of the bridge. It is an agreement for 15 years to split net revenues. Splitting of tolls, any sharing of the toll, won’t happen until all of the debt is repaid,” Carney told reporters on Thursday
And the revenues are generated by what exactly? The tolls of course
Used cars sales man Carney lies again