Roads & Paving
Slumping loonie could add billions to bridge cost
By Andrew Macklin
January 4, 2016 – The low value of the Canadian dollar could add billions of dollars to the cost of the new Windsor-Detroit bridge.
According to a CTV News report, Prime Minister Justin Trudeau has been told by government officials that the low loonie could add $2 billion to the project.
The same officials have also recommended an additional $1.5 billion for potential emergency funds should interest rates increase during the construction of the bridge.
The original cost of the bridge, as part of the government’s fiscal framework, was pegged at $4.8 billion.
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