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Canada Pays Full Bridge Cost, U.S. Takes Half Revenue | Edmonton News
Canada and the U.S. just revealed the gritty details of how they’ll split cash from the new Gordie Howe Bridge — and it’s messy. For the first 15 years, Canada sends 50% of net revenue (after costs) to the U.S., funneled into a U.S.-controlled fund. But here’s the twist: Canada paid the entire $6.4 billion bill alone, and the deal quietly omits any repayment for that debt. Confusion reigns as Prime Minister Carney initially said U.S. revenue would come after debt, but U.S. officials insist it’s before. The U.S. also gets veto power over toll hikes or drops. Critics are furious — how can…
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