News & Analysis

NY's Tappan Zee officials throw hat into TIFIA ring

The New York State Thruway Authority is seeking a $2bn loan to cover a third of the Tappan Zee Bridge rebuild project. As a design-build process unfolds, private sector participation still appears possible.

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The New York State Thruway Authority is asking the federal government to pick up one-third of the tab for the rebuild of the Tappan Zee Bridge.  

The agency has applied for a construction loan worth $2 billion from the Transportation Infrastructure Finance and Innovation Act (TIFIA) 2012 credit programme and attached a total price tag of $6 billion on the urgent rebuild project, up from a previously projected $5.2