00:00We're very pleased that the prospect of the bridge reopening later this month or opening later this month.
00:06This is good for Canada, good for the United States, both in the short term and the long term.
00:12What we have with the agreement with the U.S. is as follows.
00:16And let me start with what it is.
00:19It's not splitting the tolls of the bridge.
00:22It is an agreement for 15 years to split net revenues.
00:28Splitting of tolls, any sharing of the toll revenue won't happen until all of the debt is repaid.
00:37We will split net revenues over the course of the first 15 years.
00:42And those net revenues are after operational costs.
00:44So it's manning the toll boost, it's maintenance, it's snow removal, a series of other operational costs.
