Updated
Updated · Bloomberg · Jun 25
Lutnick Delays C$6.4 Billion Gordie Howe Bridge Opening to Seek Bigger Toll Share
Updated
Updated · Bloomberg · Jun 25

Lutnick Delays C$6.4 Billion Gordie Howe Bridge Opening to Seek Bigger Toll Share

3 articles · Updated · Bloomberg · Jun 25

Summary

  • 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?