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The Windsor-Detroit Bridge Authority announced Friday that they signed a fixed-priced contract with Bridging North America worth $5.7 billion.

It is to design, build, finance, operate and maintain the Gordie Howe International Bridge project.

The project is anticipated to create 2,500 direct, on-site jobs, including direct hires, sub-contractors and seconded individuals.

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Officials say the announcement signifies that all contractual steps have been completed and construction can begin.

“We made a commitment to deliver the Gordie Howe International Bridge project and today is the start of a new chapter for Windsor and Detroit, as well as Canada and the U.S.,” says WDBA chair Dwight Duncan. “This vital corridor will enhance trade opportunities with tremendous growth possibilities on both sides of the river.”

The fixed-price of $5.7 billion includes the design-build phase and the operation, maintenance and rehabilitation phase. Bridging North America will receive progress payments during construction and a substantial completion payment at the end of construction.

They will also receive monthly payments over the 30-year operating period.

WDBA officials say the performance-based contract is structured to ensure that the contractor has the appropriate incentives to meet or exceed the long-term objectives of safety, reliability and capacity WDBA has set for the project.

Bridging North America has presented a 74-month construction schedule to complete the four components of the project with the bridge expected to be in service by the end of 2024.

Keep reading on CTV News

 

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