N.Y.’s Comptroller OK’s $3.1B Tappan Zee Bridge Contract
📅 Mon January 28, 2013 - Northeast Edition
ALBANY, N.Y. (AP) New York Comptroller Thomas DiNapoli has approved a $3.14 billion contract between the state Thruway Authority and Tappan Zee Constructors to design and build the new bridge across the lower Hudson River.
DiNapoli said replacing the aging Tappan Zee Bridge is “vital” to the state’s economic prosperity, but noted this approval does not extend to any toll increase or debt issuance.
The 66-month contract with a joint venture of Fluor Enterprises Inc., American Bridge Co., Granite Construction Northeast and Traylor Bros. takes effect immediately.
The Thruway Authority received three bids.
State officials have been seeking a $2.9 billion federal loan.
Tolls for the heavily used commuter bridge between Westchester and Rockland counties are expected to nearly triple from the current $5.