P3 Inks Deal for Detroit-Windsor Bridge Project Financing
Bridging North America, a partnership of Fluor, ACS Infrastructure Canada and Aecon Group, reached financial close late last month to design, build, finance, operate and maintain the 1.5-mile-long Gordie Howe International Bridge Project for the Windsor-Detroit Bridge Authority under a 36-year, $4.4-billion concessionaire agreement. The contract includes milestone payments for design and construction and availability payments for operations and maintenance. The border crossing spanning the Detroit River will link Interstates 75 and 96 in Michigan with the new extension of Highway 401 in Ontario. The scope of work also involves building state-of-the-art ports of entry on both the U.S. and Canadian sides of the Detroit River.