Blue Water Bridge Authority

International crossing toll system project wins international honors

Retrieved on: 
Wednesday, October 11, 2023
Partnership, Blue Water Bridge Authority, International Bridge, Humble Bundle, Organization, Michigan Department of Transportation, Government of Canada, BWB, Crown, Travel, Perseverance, Administration, SIBC, MDOT, Blue Water Bridge, Federal Bridge Corporation, WSP, Tunnel, IBA, Road transport, Road, Film industry, Transport, Sault Ste. Marie International Bridge

SEATTLE, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The International Bridge, Tunnel and Turnpike Association (IBTTA) honored the agencies in charge of two international bridge crossings on the Ontario-Michigan border for the procurement and implementation of their innovative toll systems.

Key Points: 
  • The International Bridge, Tunnel and Turnpike Association honored the tolling system project at two international bridge crossings on the Ontario-Michigan border with their 2023 Tolling Excellence Award for Administration and Finance.
  • Benefits of the new tolling system for both bridges include administrative cost savings, technological upgrades and improved customer service.
  • SEATTLE, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The International Bridge, Tunnel and Turnpike Association (IBTTA) honored the agencies in charge of two international bridge crossings on the Ontario-Michigan border for the procurement and implementation of their innovative toll systems.
  • The project is the first U.S.-Canada procurement of a toll collection system involving three independent international bridge operators with different ownership structures.

FBCL Announces Toll Rate Change at the Blue Water Bridge

Retrieved on: 
Friday, March 10, 2023
Table, Michigan Department of Transportation, App Store (iOS/iPadOS), Connexion, Blue Water Bridge Authority, Google Play, Federal Bridge Corporation, Blue Water Bridge, Travel, COVID-19, Transport, Road, Road transport

Since 2020, the FBCL has depleted its reserves maintaining cross-border bridge access for critical goods while continuing to provide a safe and secure crossing for all bridge users.

Key Points: 
  • Since 2020, the FBCL has depleted its reserves maintaining cross-border bridge access for critical goods while continuing to provide a safe and secure crossing for all bridge users.
  • The FBCL must fund the repairs and capital projects necessary to maintain Canada’s trade and travel routes with the United States.
  • As the FBCL obtains the majority of its revenues from tolls to use the crossing, it must adjust the toll rates to fund future works.
  • The FBCL is adjusting toll rates at the Blue Water Bridge for the USA bound traffic, effective April 1, 2023.

International crossings celebrate switch to new toll systems

Retrieved on: 
Wednesday, September 28, 2022
Government of Canada, RFID, IBI Group, Michigan Department of Transportation, IBA, Blue Water Bridge, Crown, Review, Partnership, Maintenance, Apple, Blue Water Bridge Authority, International Bridge, Android, GLOBE, Federal Bridge Corporation, MDOT, Road, Road transport, Online shopping, Sault Ste. Marie International Bridge

POINT EDWARD, Ontario, Sept. 28, 2022 (GLOBE NEWSWIRE) -- The agencies in charge of two international bridge crossings on the Ontario-Michigan border cut the ribbons on a new tolling system today.

Key Points: 
  • Two international bridge crossings on the Ontario-Michigan border officially dedicated updated tolling systems today.
  • Marie, Ontario) and the Blue Water Bridge (connecting Port Huron, Michigan, to Point Edward, Ontario) have modernized their toll systems.
  • Under a $9.3 million contract, the previous toll systems at the Sault Ste.
  • (FBCL photo)
    Staff from the International Bridge Administration cut the ribbon on the new toll system at the International Bridge between Sault Ste.

Voxtur Closes Acquisition of Blue Water Financial Technologies and Announces Expansion of Credit Facilities and Private Placement

Retrieved on: 
Thursday, September 22, 2022
Indian stock exchange, Bluewater, MSR, Efficiency, Industry, Government, Water, Technology, Ecosystem, Common, COVID-19, Company, Intellectual property, Person, Head, BMOC, CAD, SVP, Software as a service, Failure, Risk, OTCQB, News, Forward-looking statement, Bank, Board, Private placement life insurance, GLOBE, Private, RPC, Blue Water Bridge Authority, Income, LLC, Blue, Systemically important financial institution, Real estate, Security (finance), Financial services, Risk management, Acquisition

RPC Ventures Fund I LP (RPC), Blue Waters largest equity holder, lead the negotiations on behalf of the Blue Water equity holders.

Key Points: 
  • RPC Ventures Fund I LP (RPC), Blue Waters largest equity holder, lead the negotiations on behalf of the Blue Water equity holders.
  • This new credit facility is subject to customary financial and restrictive covenants and is secured by assets of Voxtur and its subsidiaries, consisting primarily of intellectual property and accounts receivable.
  • All proceeds of the expanded credit facilities will be used for costs associated with the Acquisition.
  • Blue Water offers a turnkey solution to small financial institutions to source assets in a compliant manner with scale and efficiency.

The Federal Bridge Corporation Limited (FBCL) welcomes the findings of a 2022 special examination by the Office of the Auditor General of Canada (OAG)

Retrieved on: 
Wednesday, May 11, 2022
Canada Business Corporations Act, Blue Water Bridge Authority, Strategic planning, Risk management, Leadership, ST, OAG, FAA, Documentation, GLOBE, Audit, Crown

The audit covered topics such as corporate governance, strategic planning, corporate risk management practices, management of bridge assets and bridge operations of the company.

Key Points: 
  • The audit covered topics such as corporate governance, strategic planning, corporate risk management practices, management of bridge assets and bridge operations of the company.
  • The report is a strong report card for FBCLs corporate management practices and management of bridge assets and operations.
  • The FAA requires Crown corporations to undergo a special examination of their systems and practices at least once every 10 years.
  • The corporation has agreed with the recommendations and responded to the suggestions for improvements in the special examination report.

Blue Water Acquisition Corp. Announces Change of Special Meeting of Shareholders Date to August 27, 2021

Retrieved on: 
Wednesday, August 11, 2021
Transfer, Acquisition, Special, Division, Risk, NASDAQ, Register, Sale, SEC, Agreement, Therapy, Registration statement, Bluewater, Exercise, SPAC, Form, Name, Business architecture, Man, Blue Water Bridge Authority, Plan, Business, Prospectus, Corporate finance, Accounting, Company, GLOBE, Eastern Time Zone, Failure, 100,000, Security (finance), Tripura Merger Agreement, XV, Xi, Special-purpose acquisition company, Forward-looking statement, Securities Act of 1933, Woman

The Company plans to continue to solicit proxies from stockholders during the period prior to the Special Meeting.

Key Points: 
  • The Company plans to continue to solicit proxies from stockholders during the period prior to the Special Meeting.
  • Only the holders of Blue Waters common stock as of the close of business on July 16, 2021, the record date for the Special Meeting, are entitled to vote at the Special Meeting.
  • About Blue Water Acquisition Corp.
    Blue Water is a special purpose acquisition company formed in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • Neither of Blue Water and Clarus gives any assurance that Blue Water, Clarus, or the combined company, will achieve its expectations.