Gordie Howe International Bridge

 
Gordie Howe International Bridge (Detroit, MI)

When completed, the Gordie Howe International Bridge, 1.5-mile crossing will be the longest cable-stayed bridge in North America, with a main span of .53 mile.  Connecting Detroit, Michigan, to Windsor, Ontario, Canada, this massive infrastructure project has an expected construction cost of $4.5 billion. The goal is to reduce congestion on the nearby Ambassador Bridge — especially for commercial trucks.

With six lanes for traffic and a 12-foot wide walkway for pedestrians, the Gordie Howe International Bridge will facilitate greater cross-border travel to accommodate the expected increase in traffic over the next few years. On either side of the U.S.-Canadian border, both countries plan on building some of the largest border facilities in North America to help streamline international travel.The bridge is scheduled to open by November 30, 2024

In all cases, the Promoter must cover the running costs prior to obtaining a construction permit. These costs will be considered the contribution of the Promoter to the Project. The cost of land or obtaining rights to it is also paid by the Promoter.

It is supposed to study which option is most convenient for the Promoter in each case.

3. A flexible combination of Bank Financing and contributions from Financial Investors is proposed for the period of construction and at least 15 years of operation of the facility, replacing the traditional Project Financing.

SPV will be created only for the construction of the project in which the loan guarantor will have a majority stake only during the construction period. The necessary credit will be insured by external guarantees in such a way that the Promoter´s Bank will have no problem in financing the construction.

At the end of the Construction the Assets will be acquired by an Investor who will receive an annual income for at least 15 years, giving the option to buy back the Asset to the Operating Company. The future annual income of the Investor must have a guarantee from the Operator´s Bank.

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