- The Federal Bridge Corporation Limited (“Corporation”) is a corporation constituted under the Canada Business Corporations Act (“CBCA”), following the amalgamations of the former Federal Bridge Corporation Limited with St. Mary’s River Bridge Company on January 27, 2015 and the resulting amalgamated corporation with Blue Water Bridge Authority on February 1, 2015.
- The Corporation’s Sole Shareholder is His Majesty the King in right of Canada (“His Majesty”), represented by the Minister of Transport (“Minister”). The Corporation is governed by a Board of Directors (“Board”). It is managed by the President and Chief Executive Officer (“CEO”) who is supported in his or her role, responsibilities and accountabilities as Head of Management by Executives and employees of the Corporation.
- The Corporation is accountable to Parliament through the Minister of Transport as responsible Minister. As a parent Crown corporation listed in Part I of Schedule III of the Financial Administration Act, the Corporation has to submit for each financial year a corporate plan, an operating budget and a capital budget for Government approval through the Minister, who then tables a summary in Parliament. The activities of the Corporation in every financial year are audited by the Auditor General of Canada. By virtue of section 257 of the Economic Action Plan 2013 Act, No. 2, the Auditor General of Canada is designated as the external auditor of the Corporation.
- The Corporation has only one wholly-owned subsidiary, The Seaway International Bridge Corporation, Ltd. (“SIBC”). However, it has interests in a number of bi-national partnerships with American partners, including the Michigan Department of Transportation (“MDOT”), the Thousand Islands Bridge Authority (“TIBA”), and the Great Lakes Saint Lawrence Seaway Development Corporation (“GLS”), in respect of the operation of certain international bridge crossings within its portfolio of assets.