What is the approved budget of Confederation Bridge?
The Confederation Bridge is the 12.9 km toll bridge across the Northumberland Strait linking Prince Edward Island with New Brunswick, designed, built, financed and operated under 1993 agreements by the private consortium Strait Crossing Development Inc., opened on 31 May 1997 and owned by the federal government, which pays an annual subsidy. Transport Canada's briefing says the 1993 agreements provided for the 12.9 km bridge at a cost of approximately 1 billion Canadian dollars.
Approved budget
CAD 1 billion
Approximately $775.14 million
Cost basis: 1993
WladyslawCC BY-SA 3.0
Cost evidence
Basis of the published figure
Approved budget1993
Project metrics
Key dimensions
- Total lengthTransport Canada
- 12.9 km
Project record
Opened or launched
The Canadian Encyclopedia31 May 1997