(David N. Goodman – Associated Press)
The Obama administration and Canada have agreed on financing a key piece of a planned $2.1 billion bridge connecting Detroit and Windsor, Ontario, the two governments announced Wednesday.
The agreement involves a funding mechanism for a toll plaza on the U.S. side of the international crossing, the U.S. Department of Homeland Security said in a statement. It says a “public-private partnership” will pay for the plaza's construction, with reimbursement from bridge tolls.
Both governments have said the new bridge will create thousands of jobs and further stimulate the $658 billion annual trade between the nations.
“This agreement clears one of the final hurdles to building this hugely important bridge. Both Michigan and the entire nation will benefit,” U.S. Rep. Sandy Levin, D-Mich., said in a statement. Click here to read more.