Tappan Zee Bridge Financing Plan

In its June 18 warning about the creditworthiness of New York State Thruway Authority’s general revenue bonds, Moody’s revealed that the authority expects to debt finance much of the estimated $5.4-billion cost of the Tappan Zee Bridge (TZB) replacement “with parity bonds under its existing bond resolution.”

A Moody’s spokesman said the Thruway Authority approved use of that language in the agency’s credit rating report on a Thruway Authority bond issue this month . . .


About Bill Reinhardt

Editor of Public Works Financing newsletter
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