A “major announcement” will be made Wednesday in Windsor regarding the New International Trade Crossing.

A source tells CTV Windsor that Canada’s Transport Minister, Lisa Raitt and Michigan Gov. Rick Snyder will announce the bodies that will oversee the NITC project. A bridge authority and an international authority will be responsible for things like land acquisitions and procurement going forward.

The announcement will be made at the Canadian Club Heritage Centre in Windsor at 10:30 a.m.

On Monday, Detroit's state-appointed emergency manager Kevyn Orr delayed the proposed transfer of 301 properties to the Michigan Land Bank in exchange for $1.4 million from the Canadian Government.The city of Detroit is currently under bankruptcy protection.

The $2 billion NITC is expected to open in 2020.