Fluor, Partners Close Financing Agreements on $4B Gordie Howe International Bridge Project

A joint venture of Fluor, ACS Infrastructure‘s Canadian arm and Aecon Group has closed project and financing agreements on a $4.4B megaproject to build, operate and maintain a bridge connecting Detroit, Mich. and Windsor, Ontario.

Fluor said Friday Bridging North America will support the 36-year life cycle of the Gordie Howe International Bridge project in partnership with the Windsor-Detroit Bridge Authority.

The effort will also include the establishment of advanced ports of entry to the U.S. and Canadian sides of the Detroit River, as well as the modernization of existing infrastructure in Michigan and Ontario.

The megaproject includes $900M worth of bonds, bank debt and equity from Fluor and its partners.

Terence Easton, president of Fluor’s infrastructure business, said the financial closure seeks to solidify Irving, Texas-based Fluor’s expertise in public-private partnership development and infrastructure megaproject delivery.

The Gordie Howe International Bridge is expected to be completed by 2024.

The company intends to declare its share of the contract value in its financial statements during the third quarter of this year.

Check Also

Bill Beard SVP Vertex Aerospace

Bill Beard Promoted to Corporate Operations & Strategy SVP at Vertex Aerospace

Bill Beard, former interim senior vice president of corporate business operations and development at Vertex Aerospace, has been promoted to SVP of corporate operations and strategy.


Carahsoft, GitLab Partner to Offer Agencies DevSecOps Platform via AWS Marketplace

Carahsoft Technology has agreed to offer GitLab's suite of DevSecOps tools to government organizations through Amazon Web Services' cloud marketplace and helped launch a product and training package as part of the partnership


QTS Receives EPA Recognition for Energy Procurement Approach

QTS Realty Trust has won a Direct Project Engagement award from the Environmental Protection Agency for the data center services provider's practice of sourcing renewable electricity to power its operations.