Contrary to what Carney claimed, interest and debt repayment are not considered in net profit.

  • BCsven@lemmy.ca
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    4 days ago

    Not how this reads in section 1 https://gordiehoweinternationalbridge.com/proposed-agreement-in-principle/

    1. Economic Participation: Canada will provide annual economic participation payments, outside the 2012 Canada–Michigan Crossing Agreement equal to fifty percent (50%) of net bridge and crossing related revenues for the first fifteen (15) fiscal years of bridge operations.

    Net bridge and crossing related revenues is all revenues collected with respect to the bridge, less all incurred operating costs of the bridge.

    Such payments shall be made to a United States-Canada Economic Development Fund, established and solely controlled by the Government of the United States.