WINDSOR, Ont. — According to a report in the National Post, the federal government is considering purchasing the Ambassador Bridge from its owner Manuel ‘Matty’ Moroun.
The revelation comes as the government-backed Detroit River International Crossing (DRIC) has been bogged down by government stakeholders in the US.
“My understanding is that the file is progressing and there are options being looked at,” Foreign Minister Lawrence Cannon told the Post when asked if buying the bridge from the private sector was an option.
A deal is not likely to come soon, however. According to the report, Moroun wants $3 billion for the bridge – far more than what the government deems it’s worth.
The bridge generates about $60 million per year in toll revenue. To read the full National Post story, click here.
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