Canada and the United States have finalized a revenue-sharing agreement for the Gordie Howe International Bridge, which will connect Detroit, Michigan, and Windsor, Ontario.

The agreement outlines key terms, including Canada's 50% payment of net bridge revenues for the first 15 years of operation, with funds directed to a U.S.-Canada Economic Development Fund controlled by the U.S.government.The deal also grants the U.S.the right to veto any changes to toll rates or pricing structures, ensuring regulatory oversight.The bridge is set to open to commercial and passenger traffic by July 27, 2026, with a ceremonial event planned by August 3.The agreement emphasizes collaboration between the two nations to streamline legal and administrative processes for implementation.This partnership aims to enhance cross-border trade and transportation while addressing economic and logistical challenges.The deal reflects broader efforts to strengthen bilateral economic ties and infrastructure development in North America.