The bridge would link Buffalo to Fort Erie along a corridor that follows the path of the International Railroad Bridge.
Speculation has risen that the group intends to buy a 50-acre site on the U.S. side of the border to create a truck inspection and processing area. The group promises to make public details of the plan by year’s end.
In recent meetings with public officials the group has advocated a two-bridge system in which trucks would travel on the new truck-only bridge and the Peace Bridge would handle passenger car traffic.
On Friday, negotiators reached a deal giving the Peace Bridge Authority the right of eminent domain, allowing it to take property for a future bridge replacement project.