In a move to spur job growth in the Greater Golden Horseshoe, the Canadian government has promised $550m in loans to help Michigan finance the new Detroit River International Crossing (DRIC) toll bridge
"The federal government is offering to lend Michigan
more than half a billion dollars to speed up construction of a second
bridge in the busiest trade corridor between Canada and the United
States."
"In a letter to Michigan's governor April 29,
Transport Minister John Baird said environmental assessments have
cleared necessary hurdles in both countries. He said it's time to start
the $5.3-billion Windsor-Detroit link, which is now before state
legislators in Lansing."
"Baird offered US$550 million to the financially
strapped state "for project components in Michigan that would not be
funded by the public-private partnership or the United States
government."
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Daily Commercial News