Detroit Bridge Inches Closer as Project Prepares to Sell Bonds
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Bridge connecting Canada, U.S. expected to cost $2.6 Billion
- Group seeking to raise C$454 million from Canadian investors
The group picked to build a new bridge between Canada and the U.S. is planning to raise money in the Canadian bond market to fund the project expected to cost about C$3.5 billion ($2.6 billion), people familiar with the matter said.
Executives at the Bridging North America General Partnership (BNA), which is slated to build the Gordie Howe International Bridge between Windsor and Detroit — one of the world’s busiest trade corridors — began three days of meetings with Canadian fixed income investors on Wednesday, according to people who asked not to be identified as the talks are private…
Detroit Bridge Inches Closer as Project Prepares to Sell Bonds