The U.S. Department of Transportation this week granted the Michigan Strategic Fund a two-month extension to approve $787 million in private-activity bonds on behalf of a company planning to build a bridge spanning the busy trade route between Detroit and Canada.

The extension follows the strategic fund’s decision on Feb. 25 to postpone its vote on whether to act as a conduit issuer for the Detroit International Bridge Co., which plans to build a $1 billion, six-lane span to replace the aging Ambassador Bridge.

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