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Updated · Bloomberg · Jun 25Lutnick Delays C$6.4 Billion Gordie Howe Bridge Opening to Seek Bigger Toll Share
3 articles · Updated · Bloomberg · Jun 25Summary
- An opening ceremony for the Gordie Howe International Bridge was scrapped at the last minute after Commerce Secretary Howard Lutnick intervened, people familiar with the matter said.
- Lutnick is pressing to renegotiate the U.S.-Canada agreement to secure a larger share of toll revenue from the new crossing.
- Michigan and Canadian officials had already planned the event and sent invitations earlier this month before the delay halted the launch.
- The dispute clouds the debut of a C$6.4 billion ($4.5 billion) bridge meant to strengthen a major U.S.-Canada trade link.
Insights
With millions lost weekly, what is the true cost of delaying the Gordie Howe bridge opening?