The full text of the agreement surrounding the opening of the Gordie Howe International Bridge has been released, following calls for clarification about its contents from the Conservative Party.
The document, posted online late on July 21 and described as a “proposed agreement in principle,” says Canada will share 50 percent of the bridge’s net revenue during its first 15 years of operation with an economic development fund “established and solely controlled” by the U.S. government.
The agreement defines net revenue as “all revenues collected with respect to the bridge,” less operating costs. Ottawa must also obtain Washington’s permission for any toll-rate adjustments during the first 15 years of the bridge’s operations….