Canada and the U.S. have reached an agreement to split the net toll profits from the Gordie Howe International Bridge [1].
The deal ensures the bridge can open as scheduled while establishing a financial framework for cross-border trade infrastructure. By securing the majority of revenues, Canada aims to maintain its investment in regional logistics while providing the U.S. with funds for local development [2].
Under the terms of the agreement, Canada will retain approximately 80% of net profits [3]. The U.S. will receive the remaining 20% of net profits to fund its own regional projects [3]. The bridge spans the Detroit River, linking Windsor, Ontario, and Detroit, Michigan [4].
Prime Minister Justin Trudeau said, "We are keeping the vast majority of toll revenue for Canada, while also investing in the U.S. side to boost the regional economy" [5].
Canadian Finance Minister Mark Carney said that Canada will keep most of the money, while the U.S. will receive a share to fund its own projects [6]. Minister of Transport Omar Alghabra said the profit split is a good deal for both countries [7].
The agreement was announced on March 22, 2024 [8]. The bridge is scheduled to open on July 27, 2024 [9].
Officials said the split is intended to fund infrastructure and ensure the timely opening of the crossing [10]. The revenue model allows Canada to offset costs associated with the massive project while supporting the economic growth of the Detroit-Windsor corridor [10].
“Canada will retain approximately 80% of net profits [3].”
The revenue agreement resolves a critical financial hurdle for one of the most significant trade corridors in North America. By securing 80% of the net profits, Canada leverages its position as the primary stakeholder to recoup investment and fund future infrastructure, while the 20% allocation to the U.S. serves as a diplomatic and economic incentive to ensure smooth operational cooperation and regional support in Michigan.
