Tappan Zee TIFIA Loan

NY Gov. Andrew Cuomo on Oct. 31 announced the award of a $1.6-billion TIFIA loan for 33% of the upwardly revised $4.8-billion cost of the Tappan Zee Bridge replacement project. Proceeds will be used to take out $700 million in Thruway Authority notes that retire on Dec. 31. The Authority’s bridge toll schedule still has not been revealed publicly.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.