Financial Close Reached on Gordie Howe International Bridge Project


On September 28, 2018, Windsor-Detroit Bridge Authority (WDBA) announced that we have signed a fixed-priced contract with Bridging North America to design, build, finance, operate and maintain the Gordie Howe International Bridge project. The announcement also signified that all contractual steps have been completed and construction can begin.

The fixed-priced contract is valued at $5.7 billion (nominal value), which includes the design-build (DB) phase and the operation, maintenance, rehabilitation (OMR) phase. Bridging North America will receive progress payments during construction and a substantial completion payment at the end of construction. They will also receive monthly payments for operations and maintenance over the 30-year concession (operating) period.

Bridging North America has presented a 74-month construction schedule to complete the four components of the project with the bridge scheduled to be in service by the end of 2024.

Learn more here.

Rendering of the Gordie Howe International Bridge

 

 


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