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Title	PUBLIC AND PRIVATE FINANCING MECHANISMS
Accession No	00639847
Authors	Vuchetich, D M
Conference Title	International Bridge, Tunnel & Turnpike Association, Proceedings of the 60th Annual Meeting
Corp. Authors / Publisher	International Bridge, Tunnel and Turnpike Association
Publication Date	19921100
Description	p. 75-77
Languages	English
Abstract	The Detroit & Canada Tunnel Corporation is a for profit, publicly owned Corporation who since 1930 has operated the Detroit Windsor Tunnel, an international tunnel linking the cities of Detroit, Michigan with Windsor, Ontario. Today, some 6.5 million vehicles pass through the tunnel annually. Today, the corporation continues to operate the Detroit Windsor Tunnel for both cities, but under two different relationships. With the city of Detroit, the company's operation of the tunnel is through a lease operation which currently runs through the year 2020. The company pays the City of Detroit an annual fee that is a computed percent of net profits based on a five year average. For Windsor, the Tunnel Corporation operates the entire tunnel and the Windsor Plaza, and is more financially and policy-wise involved.
TRT Terms	Finance ; Highway operations ; Public private partnerships ; Toll tunnels ; Vehicular tunnels
Geographical Terms	Detroit (Michigan); Ontario (Province)
Other Terms	Financial management; Tunnel traffic operations
Subject Areas	H14 FINANCE; I10 Economics and Administration
Availability	International Bridge, Tunnel and Turnpike Association
TRIS Files	HRIS
Database	TRIS Online

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