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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: Organic Crossing Agreement between Federal Govt of Canada and the State of Michigan in June, 2012. Special law in Canada implementing the Crossing Agmt in December of 2012. As of May, 2017, the project is in the final stages of selecting a P3 partner to contract with the Government of Canada to design, build, operated, and maintain the new crossing. The crossing will be publicly owned, jointly by Canada and Michigan, overseen by an International Authority comprised of members appointed by both parties.
Direct Cash Support: October 1, 2018. Bridge and connections will cost $5.7B ($Cdn) or $4.4B ($US). Two-thirds of cost will be for initial design and construction. One-third of cost will pay for operating and maintaining the bridge. A February 2015 agreement among Canada, US, and Michigan governments provides that the US Port of Entry (in Michigan) will be procured as part of the P3 program for the entire project ($250 million early estimate). The Canadian government will be repaid for this portion of the program from future toll revenues.
From Public Sponsor of Project - Direct Expenditure of Appropriated Public Funds: The Canadian government has agreed with the State of Michigan to pay the entire cost upfront and to be repaid with toll revenues received during operation. The project is being delivered by a Consortium - Bridging North America - that includes, ACS Infrastructure Canada Inc., Dragados Canada Inc., Fluor Canada ltd, AECON, AECOM, RBD Dominion Securities Inc. CFC/FEHCOR, Moriyama & Teshima, and Smit-Miller+Hawkinson Architects.