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  • 5 weeks ago
Canadian Prime Minister Mark Carney says Canada will not share toll revenue from the new Gordie Howe International Bridge with the United States until it recoups its US$4.7 billion investment.

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00:00Canadian Prime Minister Mark Carney says Canada will not share toll revenue from the new Gordie Howe International Bridge with
00:08the U.S. until it recovers its US$4.7 billion investment.
00:12The bridge connecting Ontario and Michigan is set to open in July, following months of delays and tensions between Ottawa
00:20and Washington.
00:22U.S. President Donald Trump said last week that he had secured a much better deal for the U.S.,
00:27prompting criticism from Carney's political opponents that Ottawa had made concessions to Washington.
00:33However, Carney said the underlying agreement remains unchanged from 2012, when Canada agreed to finance the project.
00:40Under the deal, Canada is entitled to collect all toll profits until it recovers its initial investment, before revenues are
00:48shared with the U.S.
00:49A ribbon-cutting ceremony planned for June was cancelled amid the dispute, before both sides reached an agreement earlier this
00:56month to open the bridge on July 27.
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