|CORPORATE ENTITIES||THE FEDERAL BRIDGE CORPORATION LIMITED (FBCL)||THE SEAWAY INTERNATIONAL BRIDGE CORPORATION, LTD. (SIBC)|
|Corporate Status||Reorganized in 2015 as CBCA corporation further to the amalgamations of the former FBCL with St Mary’s River Bridge Company (SMRBC) on January 27, 2015 and with the Blue Water Bridge Authority (BWBA) on February 1, 2015||Incorporated in 1962, continued in 1979 as a CBCA corporation.|
|Crown corporation||Parent||Wholly-owned subsidiary|
|Mandate||Own and operate international bridge crossings within its portfolio of assets including the facilities referred to below.|
The business or undertaking of the Corporation shall be limited to the following:
(a) The design, construction, acquisition, financing, maintenance, operation, management, development, repair, demolition or reconstruction of bridges or other related structures, facilities, works or properties, including approaches, easements, power or communication transmission equipment, pipelines integrated with any such bridge, other related structure, facility, work, or property, linking the Province of Ontario in Canada to the State of New York or the State of Michigan in the United States of America, either alone, jointly or in cooperation with any other person, legal entity or governmental authority in Canada or in the United States of America;
(b) The design, construction, acquisition, financing, maintenance, operation, management, development, repair, demolition or reconstruction of other bridges or other related structures, facilities, works or properties, as the Governor in Council may deem appropriate, on such terms and conditions as the Governor in Council may determine; and
(c) Any business, undertaking or other activities incidental to any bridge, or other related structure, facility, work or property contemplated in paragraph (a) or (b).
For the foregoing purposes, the Corporation has, subject to the FAA, the CBCA, and these articles, as amended from time to time, the capacities and powers of a natural person.
|Operate the Seaway International Bridge Crossing on behalf of FBCL and GLS|
|Shareholder||His Majesty the King in Right of Canada, represented by the Minister of Transport||FBCL|
|Board of Directors||Seven Directors (includes the Chairperson and the President and Chief Executive Officer) appointed by or with the approval of Governor in Council.||Eight directors, four Canadians; four Americans, all appointed by FBCL. GLS recommends American directors for appointment.|
|Facilities||Headquarters||Sault Ste. Marie International Bridge||Blue Water Bridge||Thousand Islands International Bridge||Seaway International Bridge Crossing|
|Location in Ontario||Ottawa||Sault Ste. Marie||Point Edward||Lansdowne||Cornwall|
|Bridge ownership interests||o 50% of international bridge||o 50% of twin bridges (Canadian portion only)||o 100% Canadian bridge|
o 50% rift bridge
|o 100% North Channel Bridge|
o 32% South Channel Bridge
|Mode of operation||Partnership||Operate Directly||Operating Agreement||Corporate Joint Venture|
|Partner||Michigan Department of Transport (MDOT), an agency of the State of Michigan||Thousand Islands Bridge Authority (TIBA), a public benefit corporation, created by Chapter 209 of the Laws of 1933 and currently operating under Article 3, Title 4 of the Public Authorities Law, as last amended effective July 27, 1976||Great Lakes Saint Lawrence Seaway Development Corporation (GLS) wholly owned government corporation created by statute May 13, 1954, to construct, operate and maintain that part of the St. Lawrence Seaway|
|Agreement||Intergovernmental Agreement between MDOT and SMRBC (now FBCL) dated April 11, 2007||Agreement between FBCL and TIBA for the operation of the Canadian portion of the facilities as single venture dated June 17, 2010||Agreements between SLSDC (now GLS) and SLSA (now FBCL) dated August 27, 1957 and June 28, 1962 and the Agreement between SLSDC (now GLS) and FBCL dated June 2, 1999|
|Governance||Sault Ste. Marie Bridge Authority* (SSMBA), legal entity to provide operational and policy direction for the management and operation of the facilities by an administrative unit within MDOT, the International Bridge Administration||Board of Directors of TIBA: Sault Ste. Marie Bridge Authority (SSMBA), legal entity to provide operational and policy direction for the management and operation of the facilities by an administrative unit within MDOT, the International||Board of Directors of SIBC: Eight directors, four Canadians; four Americans, all appointed by FBCL. GLS recommends American directors for appointment.|
|Composition of Board||Four American residents from the business community; four executives of FBCL||Four American residents from the community; three executives of FBCL||Four executives of GLS; four executives of FBCL|
* Entity constituted under the Laws of the State of Michigan.