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.
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