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Canada offers to loan Michigan cash to start Windsor-Detroit bridge build

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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original source Daily Commercial News
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