Canada offers Michigan $550M for bridge project

[CHIMO]

Canada has offered to contribute up to $550 million US to help the cash-strapped state of Michigan pay for a new bridge crossing the Detroit River between Windsor, Ont., and Detroit.

Federal Transport Minister John Baird made the offer in a letter Thursday to Michigan Gov. Jennifer Granholm.

Baird said Canada cannot afford any further delay in construction of the Detroit River International Crossing.

Baird said the $550 million US would be repaid to Canada, in full, by tolls collected at the bridge.
http://www.cbc.ca/canada/windsor/story/2010/04/29/wdr-bridge-canada-border-money-100429.html
Thursday, April 29, 2010 | 5:40 PM ET

This is the Cons for you. Instead of building the whole dam thing on their own and recouping the cost if required through whatever import methods, they are going to put our manufacturing onto the backs of the ordinary taxpayer.


I picked this up from an LBN item.

The initial information that I had seen on this was that it was to be a loan.

[HitEleven]

1. A bridge too far

I thought the whole second bridge to Detroit project was a bit of a fiasco. From what I've heard, the owner of the Ambassador Bridge is completely against it, and has the power to keep this stalling until kingdom come.