If I’m understanding this correctly, we paid the full cost to build GH, and now the USA gets half the income AND we’re not allowed to charge less than the Ambassador (only 2 months ago, the plan was tolls would be half the price).
Has the billionaire Moroun family finally been appeased?
No the US gets half the Net Profits which is calculated after the construction costs and debt are paid. For the first few years the net profits will be essentially nothing.
We’re still allowed to set the toll prices but and toll change of 10%+ requires US approval.
If I’m understanding this correctly, we paid the full cost to build GH, and now the USA gets half the income AND we’re not allowed to charge less than the Ambassador (only 2 months ago, the plan was tolls would be half the price).
Has the billionaire Moroun family finally been appeased?
High school history books should have a chapter about this filthy saga. Land of the freeloaders: The battle for a new cross-border bridge (2015)
No the US gets half the Net Profits which is calculated after the construction costs and debt are paid. For the first few years the net profits will be essentially nothing.
We’re still allowed to set the toll prices but and toll change of 10%+ requires US approval.
The new deal is fine