DETROIT – Canadian Transport Minister Lisa Raitt and Michigan Gov. Rick Snyder announced Wednesday the creation of two international authorities to oversee the planned new Detroit-Windsor border crossing.
Speaking on the Windsor side of the Detroit riverfront, Raitt and Snyder said the project will be managed by the Windsor-Detroit Bridge Authority. The non-profit Canadian-based corporation will select the project’s private sector developer, oversee the construction process, as well as setting and collecting the tolls when the bridge is complete.
Another organization, the Canada-Michigan International Authority will manage the land acquisition necessary for the six-lane bridge, Custom’s and toll facilities on both sides of the border, and a new I-75 interchange that connects the bridge directly to the freeway.
The project is expected to cost $2 billion with Canada fronting Michigan’s $550 million share of the project. They will be repaid from Michigan’s share of toll revenue.
Michigan and Canadian leaders have agreed to build the bridge over the Detroit River between Detroit and Windsor. The bridge’s Detroit footprint would be on the city’s southwest side.
Officials say Canada would finance construction of the bridge, which would open in 2020.
Ambassador Bridge owner Matty Moroun has fought the proposal for years, instead pushing for the building of an additional span to his private bridge.
Originally posted by Click On Detroit