The Proposed Tunnel Agreement was submitted by the Governor to the newly formed Mackinac Straits Corridor Authority (MSCA) this week. The new Board will oversee construction and operation of the proposed Straits tunnel. Under the proposed Tunnel Agreement, Enbridge would be required to design, construct, operate and maintain the tunnel and turn over ownership of the tunnel to the MSCA once it is complete, provided certain conditions are met.
The proposed Tunnel Agreement contains measurable milestones and definitive timelines for tunnel progress as well as significant financial penalties for missed deadlines, provided delays are within the company’s control. The new law requires the MSCA to enter into this agreement by the end of the year providing the Agreement meets the requirements of PA 359.
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